Major European stocks were lower on Tuesday as investors remained cautious ahead of Wednesday’s US inflation data, with analysts fearing the consumer price index will move above May’s beastly 8.6%.
Euro markets are coming off a session with significant occasional losses and jitters that intensified mainly in Germany due to Wall’s decline.
Today, the pan-European index Stoxx 600 is trading down 0.3% around 413 points, with most sectors in negative territory, except for oil and gas stocks which are resisting negative trends with a 0.3% gain.
In the individual boards, the German DAX falls by 0.6% to 12,750 units, the French CAC 40 the British also loses 0.47% at 5,970 points FTSE 100 down 0.35% to 7,170 points.
In the periphery the Italian FTSE MIB slips by 0.65% to 21,425 units and the Spanish IBEX 35 losing 0.3% to 8,040 points.
Asia is in the red for the second consecutive day, with investors showing no appetite for risk while the tech sector continues to “suffer”. The biggest losses were recorded by the Nikkei 225 in Japan.
Source: Capital
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