European shares trimmed losses on Wednesday following comments from US President Donald Trump at the World Economic Forum in Davos. The STOXX 50 rose 0.2% to 5,910 points in afternoon trade, while the broader STOXX 600 inched up 0.1% to 603, poised to end a three-day losing streak, after Trump reiterated his bid to acquire Greenland but ruled out taking the Arctic island by force. However, tensions persist as the European Parliament’s trade committee postponed a ratification vote on a US trade deal indefinitely, signaling growing unease in Europe over the US president’s ambitions. Among single stocks, Barry Callebaut shares gained 2% after appointing former Unilever CEO Hein Schumacher as chief executive, while parcel locker company InPost rose 0.5% on a 30% increase in Q4 delivery volumes. On the macroeconomic front, UK consumer prices exceeded expectations in December, though services inflation, closely monitored by the Bank of England, came in slightly below forecasts.