Major European indices decline modestly as Middle East tensions weigh, while inflation figures vary across the region.
European equities edged lower as persistent Middle East tensions dampened investor sentiment. The UKX fell 0.41%, the DAX dropped 0.35%, and the CAC declined 0.20% in early trading.
UK inflation slowed to 2.8% in April, down from March’s reading, while German producer prices rose 1.7% year-over-year. Austria’s annual inflation rate climbed to 3.4%, contrasting with broader disinflation trends in the region.
Markets remain cautious amid geopolitical uncertainties, though mixed inflation data offers little clarity on monetary policy outlook.