European Stocks Close Marginally Lower

European stocks finished lower on Tuesday, as markets remain affected by the Archegos Capital Management losses that exceeded $10 billion, according to media reports.

Meanwhile, travel and leisure stocks surged by about 3% on optimism about recovery from the pandemic, while basic resources declined by 1.2%.

The STOXX Europe 600 index finished marginally lower by 0.35 points, or less than 0.1%, at 439.85 points.

The French CAC40 slipped 0.03%, and the German DAX lost 0.31%, while the UK’s FTSE100 closed lower by 0.26%.