This is CNBC’s live blog covering European markets. European stocks were higher on Wednesday, as investors reacted to U.K. inflation data and awaited the latest monetary policy decision from the U.S. Federal Reserve. The pan-European Stoxx 600 was up 0.24% by 12:25 p.m. London time, with sectors trading in mixed territory. European markets TICKER COMPANY PRICE CHANGE %CHANGE .FTSE FTSE 100 8205.68 10.48 0.13 .GDAXI DAX 20309.91 63.54 0.31 .FCHI CAC 40 Index 7387.85 22.15 0.3 .FTMIB FTSE MIB 34423.61 108.37 0.32 .IBEX IBEX 35 Idx 11650.6 62.5 0.54 LARKSPUR, CALIFORNIA - FEBRUARY 29: Birkenstock shoes are displayed at a Birkenstock store on February 29, 2024 in Larkspur, California. German sandal company Birkenstock reported first quarter earnings that beat analyst expectations with revenue of 302.9 million euros compares to the expected 288.7 million euros. (Photo by Justin Sullivan/Getty Images) Birkenstock shoes are displayed at a Birkenstock store on February 29, 2024 in Larkspur, California. Justin Sullivan | Getty Images German footwear manufacturer Birkenstock reported an unexpected jump in revenue on Wednesday, when it published earnings for its fiscal year ending in September. The company’s annual revenue came in at 1.8 billion euros ($1.89 billion), beating market expectations at 1.78 billion euros, according to LSEG data. It marked 22% year-on-year revenue growth on a constant currency basis, beating Birkenstock’s earlier guidance that said revenue would jump 20% from 2023. Adjusted net profit rose 16% year-over-year to reach 240 million euros, while adjusted earnings per share were up 13% from a year earlier. The which debuted on the New York stock market last year. — Chloe Taylor