ROME: European stocks turned lower Tuesday, with investors still cautious as worries about global economic growth linger ahead of the key U.S. interest-rate decision.
The Stoxx Europe 600 SXXP, -0.27% lost 0.4% to 352.24, with only the technology, health care and consumer goods groups making modest gains. The pan-European index had been up by as much as 0.5% during the session.
“Essentially, traders are looking for a good reason to buy stocks, and the problem is the lack of positive news,” said David Madden, market analyst at IG . “Traders are still mindful that the Far East is slowing down … and that’s weighing on sentiment.”
