Europe Markets: European stocks swing after U.S. inflation heats up

European stocks were whipped around Wednesday after the rate of monthly U.S. inflation exceeded expectations, underscoring concerns that rising consumer prices will lead to higher borrowing costs.

How markets are moving

The Stoxx Europe 600 index SXXP, +0.65% was up 0.4% at 372.16, but had flipped lower in the wake of U.S. figures on January inflation and retail sales. The European index had been up as much as 0.9% intraday. On Tuesday, the index lost 0.6%.

Also digging out of the red post-data, Germany’s DAX 30 index DAX, +0.53% was up 0.3% to 12,236.53, and France’s CAC 40 index PX1, +0.74% gained 0.4% to 5,130.31.

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