European benchmarks were broadly lower on Tuesday as a commodities rally was offset by continued concerns over inflation and the economic impact that the moving-and-shaking Trump administration is likely to have during the months ahead.
Investors in Europe remained on edge over the aggressive implementation of campaign pledges by Donald Trump. However, higher-than-expected consumer prices in the eurozone during January was also a factor, given the implications for the European Central Bank's bond-buying program.
European CPI pushed higher in January, rising to 1.8% from 1.1% as energy and food costs rose sharply. The move was greater than that implied in the consensus forecast for an index at 1.5%.
The FTSE 100 fell 0.27% to close at 7,099 while the CAC 40 in France fell by 0.70% to 4,748 and the DAX in Germany dropped 1.25% to 11,535. The FTSE MIB in Italy fell by 0.90% to 18,590.
In London the ranks of big movers on the FTSE 100 index were heavily populated by mining companies, who benefited from a weakening of the U.S. dollar during the session.
Fresnillo (FNLPF) and Randgold (GOLD - Get Report) were up between 2% and 3%, while copper miner Antofagasta (ANFGY) rose by 3%. Notable decliners for the session were banks Barclays (BCS) and RBS (RBS) .