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01 Jul 2025

European indices mixed ahead of eurozone inflation data

European indices were mixed ahead of the release of Eurozone inflation data and as the July 9 deadline for countries to reach trade agreements with the United States approaches.

During Tuesday's session, the Stoxx Europe 600 index was flat at 541 points, as of 10:24 a.m. Mecca time, amid gains in defense and utilities stocks and losses in the auto sector.

While the German DAX was virtually unchanged at 23,902 points, the British FTSE 100 added 0.2% to 8,778 points, and the French CAC 40 fell 0.15% to 7,654 points.

Belgian central bank governor Pierre Wunsch said in an interview with CNBC: "There is broad consensus that we are very close to the 2% inflation target, and it's safe to say the mission has been largely accomplished."

Markets are awaiting the release of the final reading of the Eurozone Manufacturing Purchasing Managers' Index (PMI) later today, along with the preliminary reading of the change in the Consumer Price Index (CPI) in the bloc's countries.

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