Europe stocks close lower to snap eight-session winning streak; Delivery Hero down 12%
European markets closed lower on Tuesday, breaking a run of eight sessions in the green, as investors geared up for the latest U.S. inflation report this week.
The pan-European Stoxx 600 closed 0.52% lower, with sectors mainly retreating. Industrials led losses, down 1.08%.
Chinese import and export figures came in below expectations, sending mining stocks down 0.78%.
Traders are also looking ahead to U.S. inflation data due Wednesday. The consumer price index data will likely influence how the Federal Reserve proceeds on interest rates at its Dec. 17-18 meeting. Economists polled by Dow Jones forecast that headline inflation rose 0.3% in November and 2.7% over the prior 12 months.
Source: CNBC