European markets fell on Tuesday as U.S. consumer prices rose at a slower-than-expected growth, and the dollar fell against most currencies.
The dollar fell against most currencies as U.S. consumer prices were unchanged in July. This will likely push back a rate rise from the U.S. Federal Reserve.
The pound made gains against the dollar as the U.K.'s Consumer Prices Index rose to 0.6% in July from 0.5% in June, while the Retail Prices Index rose to 1.9% in July from 1.6% in June. The pound was recently 1.16% up against the dollar at $1.3030.
In London, the FTSE 100 fell 0.68% down to 6,893.92.
Chilean copper miner Antofagasta (ANFGY) was the biggest riser on the FTSE 100, gaining 8.1%. The company today said pre-tax profits fell 8% in the first half, but said that a decrease in operating costs mitigated the impact of low commodity prices.
BHP Billiton (BHP) was up 0.5% even after announcing its worst ever loss of more than $6 billion, due in large part to impairment charges and low commodity prices. The miner said it was "dedicated" to paying a dividend.
In Frankfurt, the Dax fell 0.58% to 10,676.65 and the Cac 40 was down 0.83% at 4,460.44.
German industrial gas and engineering company Linde (LNEGY) was the top gainer among Dax constituents, jumping 11%. Linde confirmed it is in preliminary merger talks with Praxair PX to create the world's largest industrial gas supplier with a combined revenue of about $30 billion. That compares with French rival Air Liquide's (AIQUY) €20 billion ($22.5 billion).
Air Liquide gained 2.4% in Paris.
After losing this morning, West Texas intermediate gained 1.62% at $46.48 and Brent Crude rose 1.39% to $49.02 a barrel.
Gold recently rose 0.3%, while silver dropped 0.2%.