Investing.com – European stock markets traded mixed on Tuesday, as investors digested key eurozone inflation data as well as big corporate earnings.

At 07:10 ET (12:10 GMT), Germany’s rose 0.3% and France’s gained 0.6%, while the UK’s fell 0.4%.

Eurozone consumer inflation is higher

The one for December came in largely as expected, rising 2.4% in December on an annual basis, down from 2.2% in November.

This is the last piece of inflation data before the European Central Bank’s next meeting on January 30, with investors now looking for the ECB to ease interest rates by around 100 basis points in the first half by 2025.

nEXT raised full-year guidance

In corporate news, Next PLC (LON:) stock rose nearly 4% after the UK clothing retailer raised full-year profit guidance, expecting to generate £1 billion in profit for the first time this year, seeing an unexpected strong overseas sales throughout the year. during the festival.

Volvo (OTC:) Car (ST:) stock rose 8% despite posting a 3% decline in total sales in December, as the number of electrified vehicles, including of fully electric and plug-in hybrid vehicles, increased by 20% annually. in December.

Stock of French food caterer Sodexo (EPA: ) fell more than 8% after the French food caterer reported a nearly 5% increase in its first-quarter organic revenue, missing market expectations. , as strong growth in India, Brazil and Australia was offset by reduced activity. in Continental Europe.

Crude oil is falling

Oil prices rose on Tuesday, building on hopes last week of more policy support to revive economic growth in China, the world’s biggest crude importer.

At 07:10 ET, US crude futures (WTI) rose 0.7% to $74.13 a barrel, while the contract rose 0.8% to $76.94 a barrel.

Both benchmarks slid on Monday, after rising for five days in a row last week to settle at their highest levels since October on Friday.