As investors waited for more indications that pricing pressures are lessening, European stocks fell on Thursday morning.
The investors were watching the most recent U.S. inflation statistics. With most sectors and major bourses moving into the red, the pan-European Stoxx 600 was down 0.14% by 11:55 a.m. London time.
After Hurricane Milton’s catastrophic impact on Florida, insurance stocks increased by 0.93%, suggesting that the industry had better chances. Conversely, a 0.88% decline was seen in mining equities.
Investors are waiting for more evidence that inflation is trending downward in anticipation of September’s CPI report, which is scheduled for release at 8:30 a.m. ET. A 2.3% increase over the previous 12 months is predicted by Dow Jones economists, and a 0.1% increase on a monthly basis.
