European stocks mixed; global inflation data in focus

Investing.com - European stock markets traded in a mixed fashion Tuesday, with U.K. markets returning from a break, as investors awaited key inflation data on both sides of the Atlantic for clues over future monetary policy.The FTSE 100 is underperforming Tuesday after U.K. markets returned from Monday's late May bank holiday, but sentiment is generally positive after dovish comments from a series of ECB officials.

The corporate earnings season is largely at a close Tuesday, with little in the way of results scheduled. Europe has been the least-favoured region in recent years for long-only flows, with cumulative net inflows being close to zero since 2020.Crude prices edged higher Tuesday, rebounding from recent losses ahead of a meeting by major producers to decide future levels.Oil prices rose over 1% on Monday in muted trade owing to public holidays in the U.K. and the U.S., after sinking to the lowest levels since early-February last week.

Focus will be squarely on whether the cartel will extend its current voluntary output cuts of 2.2 million barrels per day into the second half of the year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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