India, June 4 -- European shares inched higher on Wednesday as investors braced for a 25-basis point rate cut from the European Central Bank when it meets on Thursday.
In economic releases, data showed Eurozone's services sector contracted modestly in May, with the final PMI Services reading falling to 49.7 from April's 50.1. The U.K. services PMI was finalized at 50.9, up from April's 27-month low of 49.0.
The pan European STOXX 600 was up half a percent at 551.26 after finishing marginally lower on Tuesday.
The German DAX jumped 0.9 percent as the cabinet approved a tax relief package designed to stimulate the nation's slow-moving economy and support companies.
France's CAC 40 added 0.7 percent and the U.K.'s FTSE 100 was marginally h...