BRUSSELS, May 31 — European shares fell today, ahead of euro zone inflation data after a larger-than-expected rise in German consumer prices spurred bets of an aggressive central bank response.
“There is... speculation amongst market participants about a larger rate step in July. If today’s inflation data were to surprise on the upside, speculation of this nature is likely to be fuelled further,” Commerzbank analysts said. London’s FTSE outperformed with a 0.2 per cent gain, powered by a 6.8 per cent jump in consumer goods giant Unilever after it named activist investor Nelson Peltz to its board.
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