European indices open slightly lower with hot UK inflation likely weighing
- Eurostoxx -0.2%
- Germany DAX -0.3%
- France CAC 40 -0.3%
- UK FTSE -0.1%
- Spain IBEX +0.0%
We've seen some downside in stock indices triggered by the hot UK inflation data. European indices have been on an incredible rally since Trump's tariffs pause on April 9 but inflation concerns could trigger a correction as the market would price out the rate cuts expected for the ECB. The next Eurozone CPI report will likely be key.