European shares struggle for direction ahead of ECB's inflation surveys
European shares were subdued as investors awaited inflation surveys for insights on the ECB's monetary policy, with Germany's DAX up 0.2% post a 1.8% fall in April's wholesale prices.
were subdued on Tuesday, as investors looked ahead to for insights into the path of the ().The pan-European was trading flat, as of 0716 GMT.
added 0.2% after a report showed in April fell 1.8% year-over-year.
Later in the day, the spotlight would be on the ECB as it is set to publish inflation expectation surveys. Easing forecasts would reinforce market bets on a next week, which is priced at a 91% probability.
ECB member Klaas Knot and Federal Reserve's Neel Kashkari are also due to speak in the day that could provide more insights into the outlook for global .
In corporate news, shares of Norway's fell 2.3% after a loss in first-quarter group results.
German flavour and fragrance maker added nearly 3%, leading gains on STOXX 600, after raised the stock's rating to "buy" from "hold".
Source: Stocks-Markets-Economic Times
