European stock benchmarks were mixed on Tuesday, with eurozone indices gaining further ground after figures confirmed German price growth is picking up pace.
In early trading the FTSE 100 was down 0.22% at 6,668.32. The Dax in Frankfurt rose 0.56% to 9,888.40 and in Paris the Cac 40 was up 0.40% to 4,281.54.
S&P 500 mini futures were recently up 0.21%.
Final German inflation data for June showed consumer price growth had accelerated to 0.3% on the year, from 0.1% in May. In the U.K. the British Retail Consortium/KPMG retail sales monitor for June showed a 0.5% annual same-store sales decline, with the average 12-month growth rate slowing to 1.2%, its lowest pace since March 2009. However, the BRC said it was too early to extrapolate a trend from the figures, with wet weather perceived to have played a part in the slowdown.
FTSE 100 retailers were untroubled by the figures, with both Marks & Spencer (MAKSY) and Next posting health gains.
Smaller online clothing retailer Asos (ASOMY) jumped close to 6% in early trading after it reported a 30% increase in revenue in the four months ended June, including a 53% upturn in U.S. sales.
Pharmaceuticals company Shire (SHPG) was up more than 3% after gaining Food and Drug Administration approval for the Xiidra eye drop for dry eye disease. Analysts see the treatment as a potential blockbuster, able to achieve annual sales of more than $1 billion.
House builder Galliford Try (GLLRY) was also up close to 6% after it sought to reassure investors about the post-Brexit vote outlook. It said it is well-placed to manage the impact of Brexit uncertainty and already has 82% of its order book for the 2017 fiscal year in the bag. It also said it will report fiscal 2016 earnings in line with expectations. Larger home builders including Taylor Wimpey (TWODY) and Persimmon (PSMMY) once again sat on top of the FTSE 100 benchmark.
In Frankfurt Daimler was up 2.4%. The car maker said late on Monday that second-quarter Ebit came in "significantly above market expectations" at €3.97 billion ($4.4 billion), up from €3.76 billion last year. The release was unscheduled and took analyts by surprise.
French car maker Peugeot was up close to 4% after reporting first-half sales figures, including a 19.4% drop in sales by unit in China and southeast Asia.
Later today in the U.K. Bank of England Governor Mark Carney addresses U.K. lawmakers, with the central bank's inflation report and quarterly bulletin also due out. The commentary should be the bank's last word before its Thursday rate-setting meeting, at which it is widely expected to cut rates from the record low of 0.5%, where they have been since March 2009.
The pound was recently up 0.91% against the dollar at $1.3116.
Brent crude was up 0.65% at $46.55 a barrel.
Gold was up 0.11% at $1,356.91 an ounce. Silver was recently up 1.24% at $20.56 an ounce.
In Asia stocks were buoyed by a weakening yen, with the Nikkei 225 closing up 2.46% at 16,095.65. On mainland China the CSI 300 composite was up 2.18% at 3,273.18.
Japanese investors are expecting both a government stimulus package, and further monetary easing from the Bank of Japan, with both aid bundles expected before the end of the summer.