Europe markets edge lower as euro zone inflation exceeds ECB target; Anglo American up 3%

This is CNBC's live blog covering European markets.

European stocks were slightly lower on Friday as investors assessed the latest euro zone inflation data.

The pan-European Stoxx 600 index was down around 0.1% at 11:15 a.m. London time, with most sectors in negative territory. Travel and leisure stocks led the losses, down 0.4%, while mining stocks rose 0.6%.

France's CAC 40 index was little changed from the previous session amid ongoing political turmoil. It comes shortly after the country's risk premium drew level with Greece's for the first time.

Euro zone inflation rose from 2% in October to 2.3% in November, flash data from statistics agency Eurostat showed on Friday, above the European Central Bank's 2% target.

Economists polled by Reuters had expected a 2.3% reading for headline inflation in November. It bolsters the case for a more cautious interest rate cut at the European Central Bank's next meeting on Dec. 12.

Separately, France's harmonized inflation rate came in at 1.7% in November, up slightly from 1.6% in October, according to preliminary data from the National Institute of Statistics and Economic Studies (Insee).

The November reading was in line with the expectations of economists surveyed by the Wall Street Journal.

Across the Atlantic, U.S. markets reopen for a shortened trading session after the Thanksgiving holiday.

Asia-Pacific markets mostly lost ground on Friday, led by losses in South Korean stocks, while strong inflation data from Tokyo boosted expectations of an imminent rate hike from the Bank of Japan.

European stock markets have solid momentum behind them going into next year despite recent weakness, according to Michael Field, equity market strategist at Morningstar.

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