LONDON — Europe’s stock markets put on a varied performance in trading Tuesday morning, coming in on the heels of a dip in China stocks.
The FTSE 100 in London lost 0.3 percent to 6,533.39, while the FTSE MIB in Milan fell 0.2 percent to 23,371.54. By contrast, the DAX in Frankfurt gained 0.2 percent to 10.959.09, while the CAC 40 in Paris was flat at 4,985.27.
The Shanghai Stock Exchange Composite Index ending Tuesday trading down 6.2 percent to 3,748.16. Other Asian indices posted more modest slides. Tokyo’s Nikkei 225 slid 0.32 percent to 20,554.47 and Hong Kong’s Hang Seng shed 1.43 percent to end at 23,474.97.
Meanwhile, the U.K.’s Office for National Statistics said Tuesday that inflation in the country grew by 0.1 percent in the year to July 2015. In the year to June, inflation stood flat. The ONS said that a smaller fall in clothing prices compared to July 2014 was the main contributor to the slight rise in inflation. The rate had been expected to stay at zero.
Fashion, luxury and retail stocks were uneven in morning trading.
At 11:13 a.m. CET, the pound traded for $1.56, while the euro went for $1.11 and the Swiss franc for $1.02.