Europe open: Stocks fall as investors eye US inflation figures
European stocks fell in early trade on Tuesday as investors eyed the release of US inflation data later in the day.
At 0850 BST, the benchmark Stoxx Europe 600 index was down 0.3% at 466.47, Germany’s DAX was 0.1% lower at 15,693.89 and France’s CAC 40 was 0.7% weaker at 6,632.49.
Neil Wilson, chief market analyst at Markets.com, said: "US CPI inflation later is the chief attraction as well as Apple’s product show.
"Today’s CPI will be closely watched of course, but will be enough to change anyone’s thinking about whether inflation is stickier than the Fed tells us?"
The US inflation data for August is due at 1330 BST.
In equity markets, miners were under pressure as copper prices fell, with the Stoxx Europe 600 basic resources index down 1.7% at 581.11.
Elsewhere, Danish brewer Carlsberg was knocked lower by a double downgrade to ‘sell’ at Berenberg, while British Airways and Iberia parent IAG flew lower after a downgrade to ‘neutral’ from ‘outperform’ at BNP Paribas.
On the upside, jewellery company Pandora gained after saying it aims to achieve sales growth of 6% to 8% in the coming years.