- German inflation eases
- German jobless rate holds steady, unemployment rises
- Eurozone economic confidence increases
- US inflation falls,employment advances
- FOMC wraps up policy meeting
FTSE 100: 0.04%
CAC 40: -0.09%
FTSE MIB: -0.47%
IBEX 35: 0.01%
Stoxx 600: 0.52%
European stocks were mixed as investors weighed a batch of European and US data and waited for the outcome of the Federal Reserve's policy meeting.
German inflation eased unexpectedly in October due to lower energy costs. The consumer price index slowed to 1.2% from 1.4% in September, well below the European Central Bank's target inflation of 2%.
Also in Germany, the unemployment rate in October was unchanged at 6.5%, in line with forecasts.
Joblessness in Europe's biggest economy rose by 2,000 to 2.8m, the Labour Office revealed. Economists had predicted the reading to hold steady.
The Eurozone's economic confidence increased slightly with the index up to 97.8 in October from 96.9 in September. It exceeded analysts' expectations for a reading of 97.2.
In the US, inflation fell unexpectedly as higher energy costs were offset by flat food prices. The consumer price index rose to 1.7% in September from 1.8% in August.
An ADP employment report on private non-farm payrolls showed employers added 130,000 jobs in October, below the 150,000 which were expected, following a gain of 166,000 last month.
The US releases came ahead of the Federal Open Market Committee's policy announcement after a two-day meeting.
The central bank is widely anticipated to maintain its monthly $85bn bond buying programme and interest rate of 0.25% after a partial government shutdown hampered economic growth by 0.3 percentage points this quarter.
The possibility of the Fed tapering at this meeting was "very slim", according to Craig Erlam, Market Analyst at Alpari.
"The government shutdown and debt ceiling battle has left a lot of uncertainties hanging over the economy."
The European Central Bank has said in a survey that banks expect to relax standards on corporate lending this quarter.
The financial institutions signalled that they may make it easier for companies to get loans for the first time in more than six years.
They also plan to ease access to consumer loans and mortgages.
"This is a cautiously encouraging survey," said Marie Diron, a senior economic adviser to Ernst & Young LLP in London, according to Bloomberg.
"This would be very good news for the Eurozone economy. So far, our forecast is based on a more cautious assumptions that credit conditions will remain tight for some time."
Standard Life, Fiat
Standard Life dropped after saying its asset-management business saw net inflows in three months through September fall from the previous year.
Fiat slumped after the Italian carmaker lowered its forecast for trading profit this year.
Pearson sank after saying it expects margins for its education unit to decline in 2013 due to weaker demand for college textbooks.
Volkswagen rallied after reporting a rise in quarterly earnings that beat analysts' estimates.
Barclays advanced after saying credit impairment charges fell 6% to £2.4bn in the first nine months of this year.
Eni gained after the Italian oil producer posted net income for the third quarter that exceeded forecasts.
Other asset classes rise
Brent crude futures were up $0.420 to $109.470 per barrel on the ICE.
The euro rose 0.15% to $1.3766.