The FTSE 100 and European stocks finished mixed on Tuesday, struggling for most of the session ahead of the release of the week’s key EU inflation data.
The FTSE 100 ( ^FTSE ) closed flat at 7,459 points while the CAC 40 ( ^FCHI ) in Paris lost 0.2% to 7,248 points. In Germany, the DAX ( ^GDAXI ) rose 0.1% to 15,984. The Stoxx 600 ( STOXX ) lost 0.3% after European Central Bank policymakers' comments dampened expectations of interest rate cuts next year.
Data on EU inflation is due on Thursday, with core inflation forecast at 3.9%, the lowest since the middle of last year.
Read more: Shop prices may rise again, say retailers as inflation threat looms
Across the pond, US stocks bounced back from a subdued start but gains were limited as investors remained cautious ahead of Federal Reserve officials' speeches that could offer some clues on the path of interest rates.
The Dow Jones ( ^DJI ) rose 0.4% to 35,465 points. The S&P 500 ( ^GSPC ) climbed 0.2% to 4,560 points and the tech-heavy NASDAQ ( ^IXIC ) gained 0.3% to 14,278 points.
The Federal Reserve's favoured measure of inflation — personal consumption expenditures — is due on Thursday.
In Asia, the Hang Seng ( ^HSI ) in Hong Kong tumbled 0.9% to 17,366 while the Shanghai Composite ( 000001.SS ) rose 0.2% to 3,038 points. Tokyo’s Nikkei 225 ( ^N225 ) also finished in the red, slipping 0.1% to 33,408 points.
Read more: Trending tickers: Rolls-Royce | Novartis | EasyJet | Barclays
The Hang Seng was dragged lower by a 5.6% slump in shares of artificial intelligence software company Sensetime ( 80020.HK ) following claims from short-seller Grizzly Research that the company was inflating its revenue figures.
Sensetime said the allegations were “without merit” and showed a lack of understanding of the company’s business and its financial reporting.
Meanwhile, oil prices rose amid expectations Opec+ would extend output cuts into next year.
West Texas Intermediate ( CL=F ) rose 2.6% and was trading at $76.707 per barrel. Brent ( BZ=F ) crude climbed 2.4% to $81.91 per barrel.
Apple and Android .