European markets opened lower on Tuesday, erasing the more bullish sentiment seen earlier in the week. The Stoxx 600 index was down 0.2% at 8:45 a.m. in London.
All sectors were initially down before health-care stocks rose by 0.16%, with AstraZeneca shares up 0.5% after the pharmaceutical giant revealed ambitions to roughly treble sales by 2030. Banks suffered the most losses, falling 0.9%.
Data has been scarce this week, but investors are anticipating the release of minutes from the Federal Reserve’s most recent meeting on Wednesday, as well as a U.K. inflation report that is likely to show a substantial decline in the headline rate.
Asia-Pacific markets tumbled sharply overnight, after tech stocks propelled the Nasdaq Composite to new highs Monday.
Source (CNBC)
