European stock markets ended the day higher Tuesday as investors digested strong U.K. labor figures and U.S. inflation data ahead of the next meeting of the U.S. Federal Reserve.
The regional Stoxx 600 index finished around 0.63% higher, with most sectors in the green. Mining stocks shook off recent negativity to climb 2.7%, while tech stocks rose 1.5%.
It came after the release of U.S. inflation data showed a decline in price rises to the lowest level in two years. The gauge is being closely watched ahead of Wednesday's rate hike decision from the Fed. According to the CME FedWatch Tool, there's an 81% chance that the Fed will pause rate hikes in this June meeting.
Source : CNBC
