Shoppers walk through the main street of Whitstable, England.
Bloomberg | Bloomberg | Getty Images
LONDON – European stocks were mixed on Wednesday, losing the positive momentum from the previous session.
this Stoke 600 As of 3 pm London time, the index fell 0.14%, with major exchanges and sectors diverging. Technology stocks led the decline, falling 1%, while mining stocks rose 0.8%.
The FTSE 100 rose 0.15% in the afternoon, recovering from earlier losses after UK inflation data came in line with expectations. Inflation rose at an annual rate of 2.0% in May, reaching the target set by the Bank of England ahead of Thursday’s policy rate decision. The market generally expects the central bank to keep interest rates stable at 5.25%. Most central banks Economists surveyed by Reuters A rate cut is expected in August.
The pound rose slightly after the news, trading at $1.2728 as of 9:45 a.m. London time.
Eurozone data released by Eurostat on Tuesday showed that the annual rate of single currency inflation in the eurozone increased by 2.6% in May, higher than the 2.4% in April. Eurostat confirms In the final reading. EU-wide annual inflation was 2.7%, up from 2.6% last month.
About The Author
