European markets head for choppy open ahead of euro zone inflation data
LONDON — European stocks are expected to open in mixed territory Tuesday, with market participants looking ahead to the release of the euro zone's latest inflation data.
The U.K.'s FTSE index is seen opening 19 points lower at 81,587, Germany's DAX down 31 points at 18,288, France's CAC 40 down 9 points at 7,566 and Italy's FTSE MIB up 8 points at 33,891, according to data from IG.
The euro zone's consumer price index for June will be closely watched for how it could affect the European Central Bank's next decision on interest rates. Other data includes euro zone unemployment figures for May and Sainsbury's will release earnings.
Asia-Pacific markets mostly fell overnight, breaking ranks with Wall Street, which saw the Nasdaq Composite reach a new record on the back of tech stocks. U.S. stock futures are little changed Monday night after the major averages closed higher to start the second half of 2024, as tech stocks outperformed.