European shares mixed by midday Tuesday

European shares were mixed on Tuesday as optimism from China’s stimulus pledges waned following weak trade data, shifting investor focus to US inflation figures due Wednesday.

The pan-European STOXX 600 fell 0.22 per cent by mid-day. Germany’s DAX rose 0.16 per cent, supported by flat domestic inflation for November, aligning with preliminary estimates.

France’s CAC 40 dropped 0.52 per cent, pressured by losses in luxury stocks with significant exposure to China. LVMH and Kering slid 1.9 per cent and 1.3 per cent, respectively.

Spain’s IBEX 35 edged down 0.01 per cent, while the UK’s FTSE 100 slipped 0.52 per cent.

Attribution: Investing.com, Amwal Al Ghad English, Reuters

Subediting: M. S. Salama