Major stock indexes in Europe pared previous gains during the Tuesday session, as investors focused on the most recent inflation report coming from the world's strongest economy.
The United States reported higher-than-expected headline CPI reading in the month of August, which stood at 8.3%. In addition, core CPI increased by 6.3%, more than the anticipated growth of 6.1%.
The DAX dropped 1.12% or 150 at 3:28 pm CET. At the same time, the CAC 40 tumbled 0.98%, while the FTSE 100 lost 0.81%. The euro declined 0.99% against the dollar at 3:30 pm CET, selling for 1.00252. The pound was 1.11% lower against the greenback to go for 1.15530 simultaneously.