European stocks nudge lower after Monday's market rout

The coming weeks are expected to remain volatile for markets, Ben Gutteridge, portfolio manager at Invesco, told CNBC's 'Squawk Box Europe' on Tuesday. 'It is certainly a worrying period. I have a more positive over the medium term, but over the next sort of few weeks, three weeks you know we have to strap ourselves in for a bit of volatility,' he said.

There is a 'black hole' on the economic data and central bank communication front, and only a few key earnings are expected in the upcoming days and weeks, Gutteridge said. 'There just doesn't seem to be that catalyst to sort of get markets sort of firing again,' he said, adding that this raised concerns about a 'self feeding sort of volatility frenzy' as the market sell-off continues, risk positions are reduced and bond yields fall.

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