European stocks open mixed as investors focus on US inflation data

By Aysu Bicer

ANKARA (AA) - European stock markets opened Tuesday mixed, with investors awaiting US inflation data.

Analysts also expressed their concern that the energy crisis will adversely affect the overall production system and increase costs even more.

Germany’s annual consumer inflation rate saw its highest level since 1974 with 7.9% in August in line with expectations.

Spain’s annual inflation rate was at 10.5% in August, higher than market estimates.

The STOXX Europe 600 index increased by 0.17% to 428.5 points, and Germany's DAX 40 index rose by 0.1% to 13,410 points.

The UK's FTSE 100 index decreased by 0.1% to 7,464 points, while Spain's IBEX 35 index went down by 0.16% to 8,181 points.

Italy's MIB 30 index was down by 0.25% to 22,553 points, whereas France's CAC 40 index stood at 22,553 points, up 0.21%.

Carrying its upward trend for the third trading day in a row, the euro/dollar parity is currently trading at 1.0140, 0.2% above its previous close.