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European stocks dip before inflation report
European stocks edged down slightly during today's session as investors waited for UK inflation data, the European Central Bank's monetary policy decision, and the earnings reports of major U.S. tech companies. The Stoxx 600 index decreased by 0.4%, while the German DAX remained stable, and the French CAC 40 and Italian FTSE MIB declined by approximately 0.1%. A report from the UK Office for National Statistics showed that inflation slowed to 2.6% in June, below the forecast of 2.7%. Large companies like Banco Santander, UniCredit, and Equinor posted relatively stable performances amid the high-interest-rate environment. Oil prices rose slightly following Houthi attacks on commercial ships, heightening geopolitical concerns that impact energy markets.
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