European stocks mostly weaken; sentiment hit by tech-led weakness on Wall Street

Investing.com - European stock markets mostly weakened Tuesday, with sentiment hit by the overnight selloff of influential Big Tech stocks on Wall Street.Investors’ confidence has been hit Tuesday after the sharp losses to the Big Tech sector on Wall Street overnight, with the) bore a brunt of the selling, falling 6.7% and tumbling for a third straight session after it briefly became the most valuable company on Wall Street last week.

The Big Tech sector has been behind a lot of the gains on Wall Street over the last year or so, but the hefty gains have stirred concerns that the tech rally might be getting stretched.The European data calendar is largely empty Tuesday, with Spanish growth numbers for the first quarter the only data of significance.Geopolitics will also be on investors’ radar, with the first round of voting in France's snap elections looming this weekend.

For now, the far right's overtures to the markets have been effective in allaying fears about a lack of fiscal restraint, but this could easily change.

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