European Markets Mixed After US Inflation Data

European markets showed a mixed response this Tuesday following the release of softer-than-expected US inflation data, which seemed to uplift market sentiment. SAP SE notably dropped by 6.96%, affecting the DAX which fell 0.18%, while the FTSE 100 and CAC 40 saw gains, buoyed by significant surges in Spirax Group PLC and STMicroelectronics, respectively.

Economic Sentiments and Unemployment Rates

Recent figures from Europe painted a mixed picture, with Germany's ZEW economic sentiment declining in August, while the UK's unemployment rate remained steady at 4.7% in the second quarter. These developments have kept investors on their toes, closely monitoring the economic landscape.

Anticipation Builds for Trump-Putin Summit

Investors are also keenly awaiting the outcome of Friday's high-profile meeting between US President Donald Trump and Russian President Vladimir Putin in Alaska. The summit is under the spotlight, with hopes pinned on progress towards ending the conflict in Ukraine.

Currency markets reflected the day's mixed signals, with the euro and pound both gaining ground against the US dollar, closing at $1.16764 and $1.35150, respectively, by 5:35 pm CET.