12:15 PM EDT, 07/01/2025 (MT Newswires) -- The European stock markets closed mixed in Tuesday trading as the Stoxx Europe 600 was off 0.18%, Germany's DAX declined 0.80%, the FTSE 100 gained 0.28%, France's CAC 40 edged down 0.04%, and the Swiss Market Index rose 0.35%.

Euro area annual inflation is expected to be 2.0% in June 2025, up from 1.9% in May, according to a flash estimate from Eurostat, the statistical office of the European Union.

Among the main components of inflation, services is estimated to have the highest annual rate at 3.3%, followed by food, alcohol, and tobacco at 3.1%.

The countries with the highest annual inflation in June were Estonia and Slovakia at 5.2% and 4.6% respectively, while the lowest rates were in Cyprus and France at 0.5% and 0.8% respectively.

In Germany, approximately 45.8 million residents were employed in May, according to preliminary estimates from the Federal Statistical Office. The figure was only 1,000 higher than the previous month. Compared with a year earlier, the number of employed declined by 64,000.

And in corporate news, Novo Nordisk's top executives did not heed internal warnings that the company was not fully prepared for the launch of its weight loss drug Wegovy in the US, Reuters reported Tuesday, citing six former employees. Wegovy was the first highly effective obesity treatment approved in the US in 2021, but Eli Lilly's Zepbound overtook it in weekly new prescriptions this year, according to the report.

"The information provided to Reuters by unnamed sources is not true," a Novo Nordisk spokesperson told MT Newswires. "We shared this with the reporters in advance, and they chose to publish an article that they cannot confirm on the record."

Shares of the Danish pharmaceutical giant were off 0.28% in Copenhagen.

The UK's Competition and Markets Authority said Tuesday that it will explore investigating whether the anticipated acquisition by Global Payments of WorldPay Holdco will reduce competition.

Deutsche Bank has chosen Bitpanda's technology unit to help develop its digital asset custody service, Bloomberg reported Tuesday, citing sources familiar with the matter. Deutsche Bank is also exploring launching its own tokenized deposit system for payment use, Bloomberg said.

Deutsche Bank declined MT Newswires' request for comment.

Shares of Deutsche Bank dropped 3.6% in Frankfurt.

Alphabet's Google is expected to inform European Union antitrust regulators that the EU rules aimed at reining in Big Tech are hampering innovation to the detriment of European users and businesses, Reuters reported Tuesday.

The company plans to urge regulators to issue more detailed guidance to facilitate compliance with the rules, the report said. Google didn't immediately reply to MT Newswires' request for comment.