While U.S. inflation figures didn't surprise market watchers and investors, the fact that the downbeat expectations were realized still weighed on stocks.

Wall Street had no idea how to process what hit it on Tuesday. Inflation came in hot, tariffs are back on the table, and big-name banks couldn’t deliver a

US stocks were mixed in afternoon trade Tuesday as sticky inflation data and underwhelming earnings from major banks weighed on the Dow and S&P 500, even as Nvidia-led strength in tech lifted the Nasdaq.

“You can only get so much in before, again, prices are going to start to rise,” Kates said. “And so, as new orders are going to start to come in over the next six months through the rest of the year, those are probably going to be imported at higher prices than what you bought yesterday.”

U.S. fears of an economic hit from trade tariffs could help the European Union avoid steep import duties, Generali Investments macro-research head Thomas Hempell wrote in a note. President Donald Trump vowed over the weekend to impose a 30% tariff on EU goods from August 1,

Market-implied inflation expectations were jumping on Monday as the result of President Donald Trump's weekend announcement of tariffs on the European Union and Mexico.

Euro zone government bond yields experienced a decrease as investors anxiously await U.S. inflation data, which may offer insights into the Federal Reserve's forthcoming interest rate policy. German yields saw a significant dip,

EUROPEAN shares ended lower on Tuesday, dragged down by heavyweight financial and healthcare stocks as investors awaited news on a potential US-EU trade deal while assessing the latest US inflation data.