The UK market turned positive in afternoon trading on Tuesday, even as major markets in rest of the region remained in the red amid profit taking, as investors looked to further clues on when the Federal Reserve will begin to taper off its stimulus program.
The Federal Open Market Committee is scheduled to release its minutes and Fed Chairman Ben Bernanke is to speak before the Joint Economic Committee of Congress on Wednesday.
Germany's producer price inflation slowed for the third consecutive month in April, data released by the Federal Statistical Office revealed.
Meanwhile, U.K. consumer price inflation slowed more than expected in April, to the lowest since September, while output prices inflation in the factory sector eased more than estimated.
St. Louis Federal Reserve Bank President James Bullard is due to speak on monetary policy in a low rate environment, in Frankfurt at 11:30 am ET.
The Euro Stoxx 50 index of eurozone bluechip stocks is losing 0.46 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is falling 0.44 percent.
The FTSE 100 index is currently gaining 0.2 percent.
Polymetal International and Capita are climbing around 7 percent each.
Marks & Spencer is gaining more than 5 percent after the retailer said current trading is in line with expectations.
Miners are seeing gains. Rio Tinto, Randgold, Antofagasta and Glencore Xstrata are advancing between 3.8 percent and 3.1 percent.
Meanwhile, Carnival is plunging 12 percent after the cruise operator lowered its full-year earnings outlook, primarily due to lower net revenue yield expectations.
Elsewhere in Europe, the German DAX is falling 0.1 percent, the French CAC 40 is losing 0.3 percent and Switzerland's SMI is dropping 0.4 percent.
Across Asia/Pacific, markets ended mostly lower. Among major markets, Australia's All Ordinaries fell 0.6 percent and Hong Kong's Hang Seng dropped 0.5 percent. China's Shanghai Composite Index and Japan's Nikkei 225 gained modestly.
In the U.S., futures point to a mixed open on Wall Street. In the previous session, the major U.S. averages slipped about 0.1 percent each in thin trading as traders were reluctant to make any significant moves amid a lack of major U.S. economic data.
In the commodity space, crude for June delivery is falling $0.36 to $96.35 per barrel and June gold is sliding $6.6 to $1377.5 a troy ounce.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.