The pan-European Stoxx 600 crept into positive territory during afternoon deals, paring earlier losses, with sectors pointing in different directions. Banking stocks led the losses, but they have been successfully bailed out by overseas trade, which, in addition doing more than well, has helped its European counterparts to wet out of the swamp.
More broadly, there’s a strong focus on corporate results as another earnings season begins. In Asia, sentiment remained weak following a South China Morning Post report that Beijing could refocus on structural reforms instead of offering stimulus measures after it claimed better-than-expected economic growth in the first quarter.
Back in Europe, investor sentiment was dented after data published by the European Commission on Tuesday showed consumer confidence in the euro zone fell in April.
Source: CNBC
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