FTSE 100 down 0.14%; DAX down 0.03%; CAC 40 down 0.31% (Il Sole 24 Ore Radiocor) - Milan, 13 Aug - European shares reversed earlier gains and turned slightly lower at mid-session, with the Stoxx 600 index down 0.13%.

Investors awaited US consumer price index data due tomorrow for more cues on the Federal Reserve's interest rate path.

The reading is expected to show inflation cooled slightly in July.

The market currently sees a 49% chance of the Fed cutting by 50 basis points in September, down from 100% a week ago.

UK inflation data is also due on Wednesday, the first reading since the Bank of England cut interest rates by 25 basis points.

Economists polled by Reuters expect the headline rate to tick higher to 2.3%, up from 2% over the past two months.

Meanwhile, UK wage data released today showed that between April and June pay excluding bonuses grew 5.4% year-on-year at the lowest rate in two years.

The UK's unemployment rate fell to 4.2% from 4.4%. Economists polled by Reuters had expected an increase of 4.5%.

Also on the data font, in August the economic sentiment index in Germany fell to 19.2 points from 41.8 in July, according to the latest survey released by think tank ZEW.

The assessment of the economic situation also worsened, falling 8.4 points to -77.3 points.

Oil prices snapped a five-day winning streak on demand concerns after OPEC yesterday cut its forecast for demand growth in 2024 due to softer expectations in China.

At 1135 GMT, the London FTSE 100 was down 0.14% at 8,199 points, the Frankfurt DAX was down 0.03% at 17,706 points, the Paris CAC 40 down 0.31% at 7,228 points, while in Milan the FTSE MIB was down 0.32% at 31,825 points, and in Madrid the IBEX 35 was up 0.23% at 10,670 points.

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(RADIOCOR) 13-08-24 13:49:25 (0314) 5 NNNN