European Stocks Close Little Changed Ahead of IFO Data

European stocks stalled on Tuesday, closing marginally lower, after rebounding for two consecutive sessions.

Markets are anticipating tomorrow’s release of the IFO data in Germany, which includes important indicators for the business climate in the continent’s largest economy.

The STOXX Europe 600 index slipped by 0.09 points or 0.02% to finish nearly unchanged at 471.79 points.

This comes after the pan-European index achieved its biggest rise in about a month yesterday.

The French CAC40 index declined by 0.28%.

Meanwhile, the UK’s FTSE100 and the German DAX gained 0.24% and 0.33%, respectively.