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European stocks fall amid rate hold bets
European stocks declined due to increased expectations that interest rates will not be raised next month, despite American data indicating a slowdown in inflation and limited increases in producer prices, which eased pressure on the Federal Reserve. The STOXX Europe 600 index remained stable near its highest levels, while German DAX, French CAC 40, and British FTSE 100 indices declined. Oil prices continued to rise above $80 per barrel amid geopolitical tensions in the Strait of Hormuz. U.S. inflation data showed a slowdown, reducing the likelihood of a rate hike to 40% in September from 67% last week. Meanwhile, the British economy demonstrated resilience, growing by 0.4% in the second quarter, and some corporate earnings reports exceeded expectations and raised financial forecasts. The energy markets are monitoring geopolitical developments, while financial markets continue to react to inflation data and monetary policy expectations.
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