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9/17, 12:44 PM (Source: TeleTrader)
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Europe turns red on rising August inflation

Major stock markets across Europe turned to losses on Friday following the Eurostat report on the state of consumer prices during August, which revealed the euro area's inflation jumped to 3%.

Commenting on the data, European Central Bank member Martins Kazaks insisted there's no reason to expect prices will remain permanently elevated.

The DAX lost 0.34% at 12:43 pm CET, while the FTSE 100 declined by 0.29% and the CAC 40 fell 0.33%. The euro gained 0.14% against the dollar to sell for 1.17815 a minute later, while the pound stood flat at $1.37920.

Breaking the News / ND