- European stocks inched lower on Tuesday, following losses in Asian equities as U.S. Federal Reserve officials tempered investor enthusiasm about potential interest rate cuts as they called for policy caution.index slipped 0.3% by 0710 GMT, with gains in healthcare stocks more than offset by losses in banks and utilities.)'s earnings on Wednesday to see if the recent momentum, that pushed U.S. and European equities to record highs, continues.
Weighing on market mood, Fed officials including Vice Chair Philip Jefferson were not ready to say inflation is heading to the central bank's 2% target, with several on Monday calling for continued policy caution.) dipped 3.3%, after Italy's top insurer reported first-quarter results, while energy contractor Saipem climbed 3.5% on winning new contracts worth $3.7 billion.
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