STOXX Europe 600 slips 0.38%, France’s CAC 40 down 0.11%
Major indices on European stock exchanges closed lower on Tuesday, as eurozone inflation’s surge to a 10-year high in August sparked fears of a possible change in monetary policy.
Consumer prices in the EU are projected to rise 3% in August,higher than the European Central Bank’s 2% target, according to the bloc’s statistics office Eurostat.
The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was down 1.80 points, or 0.38%, to 470.88 points.
Germany’s DAX 30 dropped 52.22 points, or 0.33%, to 15,835, while France’s CAC 40 slipped 7.12 points,or 0.11%, to 6,680.
Italy’s FTSE MIB climbed 14.98 points, or 0.06%, to 26,009, while Spain’s IBEX 35 fell 21.30 points, or 0.24%, to 8,846.
London’s FTSE 100 index posted a 0.40% decrease to close at 7,119 points.