European stocks close lower as investors react to flurry of corporate earnings
European stocks closed lower on Tuesday, reversing positive sentiment seen at the start of the new trading month.
The pan-European Stoxx 600 provisionally ended the trading session around 0.4% lower, with most sectors notching losses. Among major bourses, Germany’s DAX index led moves lower, provisionally closing down 0.8%.
It marked a reversal from Monday’s session, which saw European stocks open the new trading week — and month — on a positive note ahead of a busy week of central bank decisions and earnings.
Elsewhere, the yield on the U.K.’s benchmark 10-year government bonds, also known as gilts, fell by 2 basis points to reach 4.419% after Finance Minister Rachel Reeves said in a speech that the government would act on “hard choices” ahead of the Nov. 26 budget.
Source: CNBC.com