European Stocks Set to Retreat, Tracking Global Risk-Off Sentiment
Earnings remain a key driver of individual share price movement. BP, Ferrari, Maersk and Uniper were among the major European companies reporting before the bell on Tuesday.
The pan-European Stoxx 600 finished Monday's trading session fractionally lower to begin August, after closing out its best month since November 2020. LONDON — European markets pulled back slightly on Tuesday, tracking risk-off sentiment globally as investors assess whether last month's rally has further to run.dropped 0.7% in early trade, with basic resources shedding 1.8% to lead losses as almost all sectors and major bourses slid into the red.
The European blue chip index finished Monday's trading session fractionally lower to begin August, after closing out its best month since November 2020.
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