European stock benchmarks were mixed on Tuesday, with euro zone indices gaining further ground after figures confirmed German price growth is picking up pace.

In London, the FTSE 100 fell 0.08% to 6,677.21 after a choppy day.

The Dax in Frankfurt rose 1.4% to 9,974.04 and in Paris the Cac 40 edged up 0.78% to 5,027.69. Euro Stoxx 50 rose 1.74% to 2,935.59.

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. Marks & Spencer (MAKSY)  rose 1.49% while Next increased 2.4%.

Smaller online clothing retailer Asos (ASOMY) advanced 4.4% after it reported a 30% increase in revenue in the four months ended June, including a 53% upturn in U.S. sales.

Pharmaceutical company Shire (SHPG) closed up 0.77% after gaining Food and Drug Administration approval for 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) jumped 8.5% 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)  rose 2.4% and 1.8%.

Automakers rose across the region. In Frankfurt Daimler (DDAIY) was up 4.4%. The car maker said late on Monday that second-quarter earnings 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 analysts by surprise.

French car maker Peugeot  (PUGOY) was up close to 6.5% after reporting first-half sales figures, including a 19.4% drop in sales by unit in China and southeast Asia.

Italian banks rose across the board, regaining their losses over the last few weeks amid turmoil over rules on rescuing the troubled lenders. UniCredit jumped 13.5%, while Intesa Sanpaolo and Banca Popolare di Milano each advanced 6.5% and 6.9%.

Bank of England Governor Mark Carney addressed U.K. lawmakers. In the exchange, Carney said that the central bank had maintained its independence regarding its position in the follow-up to the 23 June EU referendum. He also said that the U.K.'s exposure to the shaky Italian banking system was modest. 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 1.86% against the dollar at $1.3240.

Brent crude rose 4.06% at $48,13 a barrel.

Gold fell 1.42% at $1,337.40 an ounce. Silver rose 0.30% at $20.365 an ounce.