European stocks steady ahead of German inflation data
European markets remain flat as investors await German inflation figures and monitor the Middle East conflict. Brent crude rose above 115 dollars per barrel.
European equity markets remained largely stable on Monday morning as investors braced for key inflation data and tracked geopolitical developments in the Middle East. The pan-European STOXX 600 index hovered around 574.98 points, with the defense sector underperforming as it dropped 0.8%.
Market attention is primarily fixed on upcoming CPI and HICP reports from Germany, which will provide insight into how the regional economic powerhouse is weathering current volatility. The conflict in the Middle East continues to exert pressure on global markets, pushing Brent Crude Oil prices above $115 per barrel. These rising energy costs have fueled inflation anxieties, putting the STOXX 600 on track for its sharpest monthly decline since early 2020.
