European stocks fell to their lowest level in two weeks on Tuesday, led by energy and healthcare stocks, as investors await a series of major decisions from central banks later in the week .
The pan-European STOXX 600 index slipped 0.5% at 0815 GMT, trading at its lowest level since December 2.
Oil and gas stocks fell 1.3% as crude prices fell after economic data from China renewed concerns about demand. [O/R]
Pharmaceutical stocks fell 1.2%.
The Federal Reserve’s monetary policy decision on Wednesday is expected to result in a 25 basis point rate cut, but the focus will be on the pace of easing next year as the US economy appears to be on a downward path. stable base. The Bank of Japan and the Bank of England will announce their rates on Thursday.
Investors will also focus on the Ifo German Business Climate Index and the ZEW Economic Sentiment for December later on Tuesday.
Airbus shares rose 1.6% after Deutsche Bank upgraded the stock to “buy” from “hold”.
Britain’s Bunzl fell 5% after the commercial supplies distributor said stronger-than-expected deflation will have a small impact on its annual profit, particularly in its Continental Europe division.
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