European Stocks Rise for Seventh Straight Month

European stocks finished lower on Tuesday, following the release of the August reading of the Consumer Price Index (CPI).

The STOXX Europe 600 Index declined by 1.80 points or 0.38% to close at 470.88 points.

For the month, the pan-European index gained 1.98%, in its best monthly performance since May. The index also finished the seventh consecutive month of gains, the longest rising streak since May 2013.

Earlier today, data showed that annual consumer inflation rose by 3% in August, as per a preliminary reading of the Eurozone CPI.

In London, the FTSE100 lost 0.40% to end the month at 7119.70, higher by 1.24%.

The French CAC40 and the German DAX also finished lower today, but gained 1% and 1.9% on a monthly basis.