Economic news

European stocks edge lower despite rebound in U.S., Asia

European stocks fluctuated in early trade on Tuesday in contrast with Wall Street which recovered for a second session overnight, and as fresh economic data failed to boost indexes.

Photo: Reuters

The pan-European STOXX 600 index lost 0.2 percent with most bourses and sectors unchanged or in red territory.

France's CAC 40 slipped 2 points to 5,142.45. UK's FTSE 100 ticked up 0.1% to 7,181.54.

Auto stocks led the decline, losing 0.2%, dragged down by tiremaker Michelin. Shares of the company fell more than 1 percent after reporting its latest corporate results.

Traders awaited UK inflation data for January which will be published later on Wednesday.



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