India, May 14 -- European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.
Investors also awaited cues from Thursday's U.S. retail sales data and upcoming talks between Ukraine and Russia in Istanbul.
Meanwhile, Germany's consumer price inflation softened to a six-month low in April on falling energy prices, as initially estimated, final data from Destatis showed.
The consumer price index rose 2.1 percent year-on-year, following a 2.2 percent increase in March. The rate came in line with the initial estimate.
Inflation based on the harmonized index of consumer prices slowed for a third month in a row in ...