European markets fall after UK inflation data
London -0.54%. UK September CPI + 10.1% vs. expected + 10.0%, matching a 40-year high released by the Office for National Statistics in July. Food, energy and transportation prices drove the increase.
Germany -0.22%.
France -0.16%.
European dishes Stoxx Index 600 fell 0.4%, with Basic resources, food and beverage, and retail top marginal losses. Most major industries and exchanges are in the red, with gains led by technology.
Upcoming in session: Final Eurozone CPI figures for September at 09:00 GMT; US MBA mortgage applications on October 14 at 1100 GMT.
In the bond market, the 10-year bond yield rose more than 7 basis points to 4.07%.
Germany’s 10-year yield rose more than 8 basis points to 2.35%.
The UK 10-year yield jumped more than 7 basis points to 4.02%.