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European markets subdued on trade war concerns but inflation data buoys stimulus hopes

European markets were subdued on Wednesday as fears of a trade war spilled over onto the continent, but eurozone inflation data kept hopes alive of fresh stimulus.

Inflation picked up in June, beating expectations, but did little to dampen hopes of the European Central Bank easing monetary policy.

A series of mixed earnings results, including telecoms giant Ericsson ERIC, -0.31% and watchmaker Swatch UHR, +5.22% ensured markets remained broadly flat.

The DAX DAX, +0.06% and the CAC PX1, +0.08% both rose 0.1% after posting earlier losses, and the Stoxx 600 SXXP, +0.10% climbed 0.2%.

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