CAC 40 (^FCHI)

European stocks retreat ahead of key inflation release; HSBC falls

European stock markets retreated marginally Friday, ahead of the release of key inflation data amid uncertainty over future interest rate moves. The main European indices closed lower Thursday, breaking a nine-day winning streak, after a series of Federal Reserve officials said interest rates may need to stay higher for longer, puncturing some of the exuberance that following the milder than expected U.S. CPI release. There is more inflation data to study Friday, with the final eurozone CPI reading for April due later in the session.