Markets react to softer US inflation figures, easing concerns over aggressive central bank tightening amid mixed regional data.
European equities showed mixed performance as softer US inflation data eased concerns over further interest rate hikes. Germany’s DAX rose 0.60%, while France’s CAC remained flat and London’s FTSE 100 extended losses for a fifth session, dipping 0.02%.
Germany’s wholesale prices climbed 5.3% year-over-year in July, while France’s inflation accelerated to 2.1%. The data underscores persistent price pressures in the region, though the pace varies across economies.
Investors weighed the implications of the US inflation slowdown, which may reduce pressure on the Federal Reserve to maintain aggressive monetary policy.