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European markets were lower on Tuesday ahead of a busy day of earnings and major data releases in the region.
The regional Stoxx 600 index traded 0.18% lower at 9:13 a.m. London time.
Most sectors declined slightly, with autos by falling 1.49% and insurance stocks dipping by 0.88%. Oil and gas and food and beverage stocks were among those that rose, and were last up 0.33% and 0.41%, respectively.
Preliminary euro zone inflation data for April and first-quarter gross domestic product figures for the single currency area are due Tuesday, while earnings come from AF-KLM, Stellantis, Capgemini, Mercedes, VW, Lufthansa, Santander, Caixabank, OMV, HSBC, Glencore and Whitbread, among others.
Overnight, Asia-Pacific markets largely rose on Tuesday, tracking Wall Street moves, with investors awaiting China manufacturing purchasing managers’ index for April.
Meanwhile, U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision on Wednesday, and a jobs report.
The central bank is broadly anticipated to keep interest rates steady, but traders will be looking to see if Fed Chair Jerome Powell’s post-meeting comments are more hawkish after the recent spate of hotter inflation reports.
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