European markets close lower as oil and gas dips; ASML shares drop 15% after early earnings release
European stocks closed lower Tuesday afternoon, as investors monitored earnings and a sharp fall in oil prices and tech stocks.
The regional Stoxx 600 index provisionally closed 0.7% lower, with most major bourses ending in the red. Germany’s DAX bucked the trend, closing up 0.06%, having traded at a record high earlier in the session.
European sectors were spread between losses and gains, with media stocks adding 1.46% as oil and gas stocks retreated 3.24%, tracking the oil market lower.
Tech stocks shed 6.36%, led by losses of more than 15% for Dutch chip giant ASML.
In its earnings report, published a day earlier than expected, ASML said it expects net sales for 2025 to come in between 30 billion euros ($32.72 billion) and 35 billion euros, at the lower half of the range it had previously provided.
The stock ended the day down around 15.6%.
Source: CNBC
