European Markets Finish In The Red On Tuesday

The major European markets finished firmly under water on Tuesday after Eurostat data showed Eurozone inflation rose to 2.1 percent last month, climbing above the European Central Bank's 2 percent target for the first time since April driven by higher prices for food, alcohol and tobacco.

The euro was little changed amid bets the ECB will likely keep interest rates on hold at its September 11 meeting.

The FTSE in London slumped 79.65 points or 087 percent to finish at 9,116.69, while Germany's DAX plummeted550.00 points or 2.29 percent to close at 23,487.33 and the CAC 40 in France lost 53.65 points or 0.70 percent to end at 7,654.25.

In London, SSE plunged 3.70 percent, while Auto Trader Group stumbled 3.65 percent, Schroeders tanked 3.63 percent, St. James Place skidded 3.59 percent, Rightmove dropped 3.28 percent, Rolls-Royce sank 2.82 percent, Prudential retreated 1.67 percent, British American Tobacco declined 1.59 percent and Haleon gained 0.69 percent.

In Germany, Vonovia plummeted 6.06 percent, while Siemens Energy tumbled 5.82 percent, Fresenius Medical slumped 5.31 percent, Daimler Truck lost 3.77 percent, Deutsche Post dropped 2.49 percent, Deutsche Borse slipped 1.97 percent, Deutsche Bank fell 1.70 percent, Volkswagen was down 1.48 percent and Deutsche Telekom dipped 0.29 percent.

In France, Kering surged 3.83 percent, while Atos plunged 3.31 percent, Compagnie de Saint-Gobain dropped 2.63 percent, Danone advanced 2.55 percent, Vinci retreated 2.08 percent, BNP Paribas sank 1.44 percent, Societe Generale shed 1.32 percent and Carrefour slid 0.45 percent.