European Stocks Retreat, Tracking Global Risk-Off Sentiment

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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 0.4% in early trade, with retail stocks shedding 1% to lead losses as all sectors slid into the red except oil and gas, which gained 0.5%.

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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