European Stocks Edge Down
European stocks traded lower on Tuesday, with the STOXX 50 slipping 0.1% and the STOXX 600 declining 0.3%, following gains of 1% and 0.8%, respectively, in the previous session. Investors assessed fresh corporate earnings while awaiting key central bank policy decisions this week, including those from the Fed and the ECB. HSBC plunged more than 6% after reporting disappointing revenue, leading the declines. Other notable laggards included Safran (-1.4%), Nestle (-1%) and Inditex (-0.9%). On the upside, Novartis gained 3% after beating earnings expectations and raising its full-year guidance. NXP Semiconductors advanced 4.6% ahead of its quarterly results, while Siemens Energy rose 1% and Rio Tinto added 1.6%.
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European stocks traded lower on Tuesday, with the STOXX 50 slipping 0.1% and the STOXX 600 declining 0.3%, following gains of 1% and 0.8%, respectively, in the previous session. Investors assessed fresh corporate earnings while awaiting key central bank policy decisions this week, including those from the Fed and the ECB. HSBC plunged more than 6% after reporting disappointing revenue, leading the declines. Other notable laggards included Safran (-1.4%), Nestle (-1%) and Inditex (-0.9%).
On the upside, Novartis gained 3% after beating earnings expectations and raising its full-year guidance. NXP Semiconductors advanced 4.6% ahead of its quarterly results, while Siemens Energy rose 1% and Rio Tinto added 1.6%.