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European stocks turned in a mixed performance on Wednesday with investors assessing UK inflation data, and the outlook for interest rates.<\/p>\n
Lingering concerns about the health<\/span> of China’s economy<\/span> continued to weigh on sentiment.<\/p>\n The pan European Stoxx 600 edged down 0.06%. The U.K.’s FTSE 100 ended 0.44% down, and France’s CAC 40 shed 0.1%, while Germany’s DAX crept up 0.14% and Switzerland’s SMI edged up 0.06%.<\/p>\n Among other markets<\/span> in Europe, Belgium, Czech Republic, Finland, Ireland, Netherlands, Poland, Russia and Turkiye closed weak. <\/p>\n Austria, Denmark, Iceland, Norway and Portugal ended higher, while Greece, Spain and Sweden settled flat.<\/p>\n In the UK market, Admiral Group rallied 7.2%. JD Sports Fashion gained about 2.85%.<\/p>\n B&M European Value Retail, Ocado Group, 3I Group, Associated British Foods, Spirax-Sarco Engineering, Barclays and Unite Group gained 1 to 1.7%.<\/p>\n Natwest Group shed more than 3%. RightMove, Fresnillo, Antofagasta, Endeavour Mining Plc, ABRDN, Land Securities, Legal & General Group, HSBC Group, Airtel Africa, Standard Chartered, Persimmon and BAE Systems lost 1 to 2.6%.<\/p>\n In the German market, Adidas rallied 3%. Munich RE, Henkel, HeidelbergCement, Brenntag, Siemens Energy, SAP and BMW posted moderate gains.<\/p>\n Bayer ended down 1.7%. Qiagen, MTU Aero Engines, Fresenius, Deutsche Boerse, Zalando, Beiersdorf and Volkswagen lost 0.5 to 1.2%.<\/p>\n In Paris, Publicis Groupe and Eurofins Scientific both lost more than 2%. Bouygues, Stellantis, Teleperformance and Alstom ended lower by 1 to 1.5%.<\/p>\n Hermes International, Michelin, Engie, Veolia, ArcelorMittal and TotalEnergies gained 0.5 to 1%.<\/p>\n In economic news, the euro area economy expanded as initially estimated in the second quarter despite tight credit conditions and high inflation damping demand. <\/p>\n Gross domestic product registered a sequential growth of 0.3% after remaining unchanged in the first quarter, flash estimate from Eurostat showed. Year-on-year, economic growth eased to 0.6% from 1.1%. <\/p>\n UK consumer prices rose at the slowest pace in nearly one-and-a-half years in July, the Office for National Statistics said. Consumer price inflation slowed to 6.8% in July, as expected, from 7.9% in June. This was the weakest since February 2022, when inflation was 6.2%. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n