European markets head for lower open; inflation data in focus

European markets head for lower open; inflation data in focus

European markets are expected to open lower on Tuesday following a sell-off in U.S. tech stocks at the start of the week and as global markets turn their focus on inflation data. London's is seen opening 91 points lower at 7,035, Germany's down 200 points at 15,210, France's  down 74 points at 6,308 and Italy's down 267 points at 24,301, according to IG. The lower open seen for Europe comes after negative trading sentiment in Asia-Pacific markets overnight following a on Monday that weighed down major U.S. indexes. Investors exited stocks like  and , pushing the Dow Jones Industrial Average and the S&P 500 off their record highs. Both of those stocks lost at least 2% to start the week. Investors around the world are also focused on the latest inflation data this week; China released data Tuesday that showed consumer prices data in April jumped 0.9% from a year ago, slightly missing the 1% forecast by analysts in a Reuters poll. However, the producer price index rose 6.8%, beating the 6.5% projected by analysts polled by Reuters. U.S. inflation data is released Wednesday amid growing concerns that the Federal Reserve will be prompted to tighten its monetary