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European Shares Mixed Amid Growth Worries; FTSE 100 Rises As Food Prices Fall

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

European stocks were broadly lower on Tuesday as inflation and interest-rate worries persisted.

U.K. stocks were seeing modest gains on the back of a weaker pound and industry data showing lower growth in shop prices in September.

The British Retail Consortium said shop prices rose an annual 6.2 percent last month from 6.9 percent in August, its lowest rate since September 2022.

Food price inflation fell for the fifth month in a row to 9.9 percent from 11.5 percent and was down for the first time in more than two years on a monthly basis.

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