Swedish Match SWMA.ST jumped 8.8% after Philip Morris International Inc PM.N said it was making a recommended cash offer for the Swedish tobacco company of about 161.2 billion Swedish crowns ($16 billion). All eyes will be on the U.S. inflation data due to be released at 12:30 pm GMT. By Sruthi Shankar May 11 (Reuters) - European stocks extended gains for a second straight session on Wednesday as strong earnings and a surge in economically sensitive sectors boosted sentiment ahead of U.S. inflation data.