On Frankfurt's DAX, logistics company Deutsche Post was 1.9% lower, followed by Deutsche Bank, down by 1.6% and Linde, an industrial gases and engineering company, 1.3% lower. At the time of writing, the FTSE 100 Index is down 0.40%, the DAX is 0.47% lower and the CAC-40 is down by 0.90%. European equity benchmarks were trading in the red in the early afternoon, Continental Europe time, as the latest estimates for Euro area annual inflation have been projected to post a negative figure and financial services providers were in retreat.