Germany's annual inflation rate picked up to 2.8% in July, matching economist forecasts. The pan-European Stoxx 600 edged marginally higher, up 0.11 to 661.23, as investors remained cautious amid elevated oil prices and looked ahead to U.S. inflation data. Brent crude strengthened above $89 per barrel, advancing for a sixth straight session. In the bond market, Germany's 10-year yield fell 2 basis points to 3.16%, while the U.S. 10-year Treasury yield was down less than 1 basis point to 4.68%.
German inflation at 2.8% meets estimates, but 10-year yield fell 2 bps to 3.16%.
U.S. 10-year Treasury yield down less than 1 bp to 4.68%.
