An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group Plc's offices in London, UK. File photo: BLOOMBERG via GETTY IMAGES/LUKE MACGREGOR
The oil and gas sector was lower after an almost 3.5% slide in crude oil prices overnight. Shell, BP and TotalEnergies were each down about 1%, and among the biggest drags on the pan-European index. “A reassuring trend was in place — policy tightening, leading to growth slowdown leading to slower inflation — which allowed this correction in risk assets and the dollar,” said Samy Chaar chief economist at Lombard Odier.
The dollar held firm against most peers on Tuesday — at 136.6 yen, steady after a 1.8% jump the previous day, thanks in part to the services data, while the euro was at $1.0493 having fallen 0.45% the previous day.
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