DAX PERFORMANCE-INDEX (^GDAXI)

European stock mixed ahead of key inflation data release

European stock markets traded in a mixed fashion in tight ranges, as investors awaited key inflation data for guidance of the future path of global monetary policy. The European Central Bank is widely expected to cut interest rates next week, but there is uncertainty over what follows. Over in the U.S., there is more inflation data to study, in the form of PCE price index data, the Federal Reserve’s preferred inflation gauge, later in the station.