European stocks close: stocks closed mixed on the weak Chinese consumer inflation data

Stock indices closed mixed on the weak Chinese consumer inflation data. The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Tuesday. The Chinese consumer price index (CPI) rose at annual rate of 1.3% in October, missing expectations for a 1.5% increase, after a 1.6% gain in September. The Chinese producer price index (PPI) dropped 5.9% in October, missing expectations for a 5.8% fall, after a 5.9% decline in September.

European Central Bank (ECB) Governing Council member Erkki Liikanen said on Tuesday that there are downside risks to the Eurozone's inflation and growth outlook, adding that the central bank is ready to act.

"The growth and inflation outlook is still subject to downside risks," he said.

"The Governing Council is willing and able to act by using all the instruments available within its mandate if warranted in order to maintain an appropriate degree of monetary accommodation," Liikanen noted.

Meanwhile, the economic data from the Eurozone was positive. The French statistical office Insee its industrial production figures on Tuesday. Industrial production in France rose 0.1% in September, exceeding expectations for a flat reading, after a 1.7% gain in August. August's figure was revised up from a 1.6% increase.

Manufacturing output was flat in September, while construction output slid 1.7%.

Output in mining and quarrying, energy, water supply and waste management increased 0.7% in September.

On a yearly basis, the French industrial production dropped 1.0% in September, after a 0.6% gain in August.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,275.28 -19.88 -0.32 %

DAX 10,832.52 +17.07 +0.16 %

CAC 40 4,912.16 +0.99 +0.02 %