European markets close mixed amid high inflation figures

ANKARA

European stock markets closed mixed on Wednesday amid high inflation figures.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, rose 0.68 points, or 0.14%, to close at 489.95 before hitting an all-time high of 490.58.

London’s FTSE 100 lost 35 points, or 0.49%, to end the day at 7,291 after inflation in the UK hit a 10-year high in October, reaching 4.2% from 3.1% a month ago.

Germany’s DAX 30 was almost flat, adding only 3 points, or 0.02%, to end the day at 16,251, after seeing a record high of 16,283.52 during the session.

France’s CAC 40 rose 4 points, or 0.06%, to close at 7,156 and during the day it hit an all-time high of 7,167.80 points.

Italy’s FTSE MIB 30 gained 20 points, or 0.07%, to end the day at 27,824.

Spain’s IBEX 35, however, lost 46 points, or 0.52%, to close at 8,993.

The EU's annual inflation rate hit 4.4% in October, up from 3.6% in September, statistics agency Eurostat announced earlier.

In the eurozone, annual inflation came at 4.1% in October, up from 3.4% the previous month.