European markets dip amid cautious trade ahead of U.S. inflation data

Investing.com -- European stock markets opened slightly lower on Tuesday.

At 3:10 ET (8:10 GMT) Germany's DAX edged down by 0.3%, while France's CAC 40 inched lower to 0.1%. 

Investor sentiment was subdued as attention turned to the U.S. inflation report due Wednesday. Germany's inflation trends upward in November

Germany's November inflation data revealed a year-on-year CPI rise of 2.2%, up from 2% in October, according to provisional figures confirmed by Destatis. 

Price growth in services drove this increase, while energy costs continued to exert a moderating influence, albeit less than in prior months. 

On a monthly basis, consumer prices dipped by 0.2% in November. Similarly, the Harmonised Index of Consumer Prices rose 2.4% year-on-year but fell 0.7% compared to October. Oil prices decline amid market caution

Oil markets also faced slight declines during Asian trading on Tuesday, following robust gains driven by expectations of further economic stimulus in China and escalating geopolitical tensions in Syria. 

By 3:10 ET, U.S. crude futures (WTI) eased to $68.16 per barrel, and Brent crude slipped to $71.97 per barrel, each down 0.3% and 0.2%, respectively.

Traders awaited further economic signals from both China and the U.S., along with the release of OPEC's monthly report. 

Source: Investing.com