The Commission also reported that the Business Climate Indicator ( BCI ) for the euro area in June increased 0.25 points to 1.15. The broad-based major European indices closed sharply lower in Thursday's trading session, as technology companies and consumer products makers burdened the markets. In Germany, the inflation rate as measured by the consumer price index in June is expected rise 1.6% from the same month last year, according to the Federal Statistical Office (Destatis).