European shares end Tuesday’s session lower
(MENAFN) On Tuesday, stock exchanges across Europe closed with losses as market indices retreated across major economies. The STOXX Europe 600 index, encompassing approximately 90 percent of the market capitalization in 17 European countries, declined by 2.13 points, or 0.42 percent, settling at 510.91 by the end of the trading day.
In the United Kingdom, the FTSE 100 index dropped by 45 points, equivalent to a 0.56 percent decrease, closing at 8,121. Similarly, Germany's DAX index saw a decline of 126 points, or 0.69 percent, finishing at 18,164. France's CAC 40 index also experienced a downturn, shedding 22 points, or 0.3 percent, to conclude at 7,538.
Italy's FTSE MIB index retreated by 235 points, representing a 0.7 percent decrease, with the day's trading session closing at 33,481. Spain's IBEX 35 index recorded the most significant decline among its peers, plummeting by 144 points, or 1.3 percent, to end the day at 10,912.
The day's losses across European markets reflected a cautious sentiment among investors amidst ongoing economic uncertainties and global market trends. Factors influencing the market downturn included varying economic data releases, geopolitical developments, and investor anticipation of upcoming corporate earnings reports and economic indicators. The negative performance underscored the volatility and sensitivity of European markets to both domestic and international factors influencing investor sentiment and market dynamics.
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