European stocks slipped on Thursday as investors wait for US inflation data that will determine the Fed’s policy stance.
The STOXX Europe 600 index decreased 0.32% to 419 points and Germany’s DAX 40 was down 0.38% to 13,614.
The UK’s FTSE 100 declined 0.28% to 7,276 points, while France’s CAC 40 tumbled 0.32% to 6,410 points.
In Spain, the IBEX 35 index declined 0.58% to 7,994 points, and Italy’s MIB 30 was down 0.11% to 23,755.
Annual US inflation for October is expected to come in at 8%, slightly lower than September’s 8.2%.
Oil prices also continued their losses on Thursday as demand from China remained uncertain with sustained COVID-19 restrictions and rising crude stockpiles in the US, the world’s largest oil consumer.
International benchmark Brent crude traded at $92.47 per barrel around 0800GMT, a 0.19% decrease from the closing price of $92.65 a barrel in the previous trading session.
Analysts said concerns over the cryptocurrency market, as well as uncertainty about the US midterm elections, have also dented risk appetite in global stocks.
Source: Anadolu Agency