Europe closes mixed following inflation reports - Breaking The News
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Europe closes mixed following inflation reports

EPA-EFE/RONALD WITTEK

Major European stock indexes ended Wednesday's trading session mixed as market participants digested the fresh inflation reports from the United Kingdom, the Eurozone, and Italy. Additionally, markets are bracing for the new European Central Bank's monetary policy decision, scheduled for tomorrow. The bank is widely expected to cut its interest rate by another 25 basis points.

The DAX improved by 0.21% at close as Sartorius surged by 9.40%. The FTSE 100 advanced by 0.26% with Endeavour Mining jumping 6.43%. On the other hand, the Euro Stoxx 50 dropped by 0.18% and ASML Holdings plunged 5.19%. Meanwhile, the CAC 40 traded flat.

The euro gained 0.74% compared to the dollar, going for $1.13643 at 5:31 pm CET. The pound traded flat against the greenback to sell for $1.32317.

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