18 Aug 2015
European indices mostly mixed, FTSE slips post UK CPI
FXStreet (Mumbai) - European markets traded mixed on a data-quiet Tuesday; with FTSE witnessing sharp losses as traders in the UK digest the above estimates CPI figures which push BOE closer towards the hiking cycle.
The UK Office for National Statistics reported a 0.1% rate of annual inflation for July, after a zero reading posted in June, beating estimates, while consumer prices dropped 0.2% on a monthly basis.
European traders remain wary and refrain from creating fresh positions ahead of the third bailout program approval by European parliaments with Germany due to vote on Wednesday.
Meanwhile, on Thursday, markets will pay increased attention to Greece as Athens should make a loan repayment to the European Central Bank (ECB).
Germany's DAX 30 index trades +0.16% higher at 10958 while the UK benchmark FTSE 100 dropped -0.27% to trade at 6,535. Among the other indices, the French CAC 40 index pared losses and trades muted at 4986, and the pan-European Euro Stoxx 50 is up 0.17% at 3,503.
The UK Office for National Statistics reported a 0.1% rate of annual inflation for July, after a zero reading posted in June, beating estimates, while consumer prices dropped 0.2% on a monthly basis.
European traders remain wary and refrain from creating fresh positions ahead of the third bailout program approval by European parliaments with Germany due to vote on Wednesday.
Meanwhile, on Thursday, markets will pay increased attention to Greece as Athens should make a loan repayment to the European Central Bank (ECB).
Germany's DAX 30 index trades +0.16% higher at 10958 while the UK benchmark FTSE 100 dropped -0.27% to trade at 6,535. Among the other indices, the French CAC 40 index pared losses and trades muted at 4986, and the pan-European Euro Stoxx 50 is up 0.17% at 3,503.