Economic news

European stocks stable as tech-financials rotation increases

European stocks struggled for traction on Tuesday with sectors strongly diverging as a rotation from tech stocks into financials, supported by the U.S. tax bill, gained momentum.

Eurozone blue chips were firm, while the broader euro zone index ticked up 0.1% as rising banking and consumer stocks offset weak tech and mining sectors.

Stoxx Europe 600 was 0.2% lower at 386.77 in early trading.

U.K.'s FTSE 100 edged up 0.2% to 7,356.67.

France's CAC 40 was up 0.1% at 5,382.44.



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