European Stocks Close On Mixed Note Ahead Of Central Bank Policy Meetings
(RTTNews) - European stocks ended on a mixed note on Tuesday after a somewhat volatile session as investors digested the data on eurozone inflation, and looked ahead to UK inflation report, and policy meetings of the Federal Reserve, the Bank of England and the Bank of Japan.
The Swiss National Bank, the Norges Bank and the Riskbank are also scheduled to announce their monetary policies during the course of this week.
Headline annual inflation in the U.K. is seen rising to 7% in August, from 6.8% in the previous month. Core inflation is however seen edging down to 6.8%, from 6.9% a month earlier.
Given the inflationary situation, the Bank of England is widely expected to raise rates by another 25 basis points in the review to be announced on Thursday.
The pan European Stoxx 600 edged down 0.04%. The U.K.'s FTSE 100 and France's CAC 40 edged up 0.09% and 0.08%, respectively, while Germany's DAX ended 0.4% down, and Switzerland's SMI finished lower by 0.2%.
Among other markets in Europe, Austria, Belgium, Norway, Portugal, Spain and Turkiye ended higher.