In the European session, the German Benchmark Index traded below 19,000 levels.
Despite the global rally spurred by U.S. inflation data, European stock markets experienced a slight downturn on Thursday, driven by investors absorbing some disappointing earnings reports. This divergence from the global trend was notable, particularly following Wall Street's surge to new record levels and subsequent gains in Asia.
The primary catalyst for market movements was the April U.S. consumer price index, which rose below expectations, fostering optimism that the Federal Reserve might implement interest rate cuts later this year, potentially commencing in September.
In Germany, the DAX index traded 0.1% lower, while the CAC 40 in France dropped by 0.2%, and the FTSE 100 in the U.K. slipped by 0.4%.
