European Stocks Turning In Mixed Performance In Cautious Trade
European stocks are turning in a mixed performance on Tuesday as investors largely refrain from making significant moves ahead of monetary policy announcements from the Federal Reserve and the Bank of England, due on Wednesday and Thursday, respectively.
The Swiss National Bank, the Norges Bank and the Riskbank are also scheduled to announce their monetary policies during the course of this week.
UK inflation data is due as well. 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 is up 0.13%. The U.K.'s FTSE 100 is advancing 0.15% and France's CAC 40 is gaining 0.25%, while Germany's DAX and Switzerland's SMI are edging down 0.11% and 0.1%, respectively.