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LONDON — European stocks opened higher on Wednesday as investors assessed the latest trade news, corporate earnings and inflation data .

The pan-European Stoxx 600 was 0.5% higher by 11:56 a.m. in London (6:56 a.m. ET), with most sectors and all major regional bourses in positive territory.

Looking at individual stocks, shares of Danish pharmaceutical giant Novo Nordisk were 3.5% higher after the company announced it would cut around 9,000 jobs .

Elsewhere, Zara owner Inditex was up 6.3% after the company posted its first-half earnings. While the firm's second-quarter sales were weaker than expected , Inditex said its new Autumn/Winter collections had been "very well re

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