FILE PHOTO: The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany April 11, 2022. REUTERS/Staff

April 13 (Reuters) – European stocks fell for a third consecutive session on Wednesday as concern over high inflation and its potential impact on the upcoming earnings season dampened risk appetite.

The pan-European STOXX 600 index (.STOXX) fell 0.2%, with retail (.SXRP) and tech (.SX8P) stocks offsetting gains in miners (.SXPP).

Wall Street reversed early gains to end lower on Tuesday after data showed U.S. consumer prices hit more than four-decade highs in March. The UK’s FTSE 100 (.FTSE) fell 0.1% as UK inflation hit a 30-year high last month. Read more

Britain’s biggest retailer Tesco (TSCO.L) fell 4.7% after warning its profits were likely to fall in the current year. Read more

French luxury goods maker LVMH (LVMH.PA) rose 1% as strong demand for Louis Vuitton and Dior products boosted sales in the first quarter. Read more

Telecom Italia (TIM) (TLIT.MI) gained 2.9% after French telecommunications group Iliad was interested in bidding on TIM’s domestic consumer services business.

Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur

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