European markets fell lower Tuesday as investors assess what U.S. President-elect Donald Trump's return to the White House could mean for the region's economy amid worries about possible tariffs.The pan-European Stoxx 600 was down 0.64% at the open, with all sectors and major bourses trading in the red. Mining stocks led losses, down 1.44%, with banks, autos and chemicals all also lower by more than 1%.
The reading comes after the Bank of England cut interest rates last month citing progress in cooling the labor market. "We are highly encouraged by the broad-based underlying momentum we are seeing across our company in 2024, and growth looks set to continue through 2025, providing a solid foundation to deliver on our 2030 ambition," CEO Pascal Soriot said in a statement.People cross a street in front the headquarters building of the European Central Bank in Frankfurt am Main, western Germany, on June 5, 2024.
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