European markets mixed after a rally on Wall Street

London +0.02%.

Germany -0.11%.

France -0.03%.

The pan-European Stoxx 600 added 0.2% in early trade, with financial services stocks rising while health care stocks slipped lower.

UK July CPI +10.1% vs +9.8% y/y expected (Prior +9.4%), hits 40-year high of 10.1% as food and energy price surge continues.

Coming up in the session: Eurozone Q2 GDP second estimate at 0900 GMT and US MBA mortgage applications w.e. 12 August at 1100 GMT.

In bond market, The yield on 10-year Treasuries was up more than four basis point to 2.86%.

Germany’s 10-year yield was up more than six basis point to 1.04%.

Britain’s 10-year yield was up more than nine basis point to 2.22%.

British 2-year Gilt yields surged on Wednesday morning after the red hot July U.K. inflation print, adding more than 29 basis points to reach 2.441%, their highest point since November 2008.

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