Investing.com – European stock markets traded in a mixed manner Wednesday as investors digested more corporate news, while benign inflation data helped the UK markets outperform.
At 03:05 ET (07:05 GMT), the in Germany traded 0.2% lower, the in France fell 1%, while the in the U.K. climbed 0.8%.
UK inflation falls to 2021 low
The European day started with some welcome news on inflation, with data showing that headline fell below the Bank of England’s 2% target in September for the first time since April 2021.
The UK’s inflation rate fell to 1.7% on an annual basis, below the forecast 1.9% and the 2.2% recorded a month earlier.
Core inflation, which excludes volatile food and energy components, also came in below forecast at 3.2%, down from 3.6% previously.
These numbers added to data earlier in the week that showed British pay grew at its slowest pace in more than two years in the three months to August, suggesting the …
