EU Stocks Close Mostly Higher as US Inflation Curbs Gains

Major European stock markets closed mostly higher on Tuesday but lost ground during the session after stronger-than-expected US inflation data raised concerns

about the outlook for interest rates.

Stocks had traded near record highs early in the day as falling oil prices and hopes for a resolution to the Middle East conflict eased inflation concerns.

Those gains faded after data showed US consumer prices rose more than expected in October.

London’s FTSE 100 slipped into negative territory at the close, shedding 31.28 points, or 0.29 percent, to 10,751.59. Germany’s DAX added 80.26 points, or 0.31 percent, to 26,347.45, while France’s CAC 40 gained 45.30 points, or 0.55 percent, to 8,278.59.

Switzerland’s SMI rose 91.79 points, or 0.61 percent, to 15,037.94.