European Markets Edge Lower Ahead of Key Economic Data

European stock indexes experienced a dip in Tuesday's premarket session as investors eagerly awaited key economic data. The focus was on the confirmation of German inflation for November, expected to be at 2.2%, and the anticipation of US inflation figures due out tomorrow.

This shift in sentiment marked a departure from the gains witnessed on Monday, as geopolitical factors took a backseat to economic indicators.

At 8:00 am CET, the DAX lost 0.29%, the Euro Stoxx 50 fell 0.57%, the FTSE 100 dropped 0.26%, and the CAC 40 decreased 0.35%.

Currency markets also saw movement, with the euro gaining 0.16% against the dollar, trading at $1.05666 at 7:58 am CET. Meanwhile, the pound sterling rose 0.08% compared to the US currency, reaching $1.27586 at the same time.