During today’s trading, the biggest European stock market is moderately declining as investors are assessing British inflation data and corporate news.

European stock market analysis

The composite index of the largest companies in the region, Stoxx Europe 600, fell by 0.64% to 431.64 points. Germany’s DAX stock index was down 0.52%, Italy’s FTSE MIB was down 0.21% and Spain’s IBEX 35 was down 0.62%. Meanwhile, the British FTSE 100 added 0.18%; the French CAC 40 remained unchanged.

Alstom SA (EPA:ALSO) shares are up 1.3%. The French group, which produces railway trains, reduced its net loss in the first half of this fiscal year, but also increased revenue, and recorded an increase in orders.

Deliveroo Plc stock price is down 3.1% on the news that the British food delivery service has decided to stop operations in Australia due to the lack of a strong position on the local market.

Cruise operator Carnival’s capitalization fell nearly 12% after it was reported that the company plans to float $1 billion in convertible bonds. The company’s stock is the decline leader among Stoxx 600 components.

The most active growth in the index was shown by the securities of British outsourcing company Sage Group (LON:SGE) – up almost 6%. The company reported a decline in pre-tax profits last fiscal year, but recorded an increase in revenues.

Consumer prices in Britain jumped 11.1% YoY in October, according to the country’s Office for National Statistics (ONS). Thus, inflation accelerated immediately by 1 percentage point compared to September and was updated to the maximum since October 1981.

Also, market participants are assessing geopolitical risks after Polish media reported earlier in the day about Russia’s rocket attacks on Polish territory. 

Earlier, we reported that European stock markets ended Friday’s trading without a single trend.