European stocks decline as the industrial sector slows

European stocks fell on Tuesday in volatile trading, as industrial stocks continued their losses for the second session in a row, while cautious investors awaited a series of central bank decisions this week.

The European STOXX 600 index fell 0.1 percent by 0717 GMT.

Investors are cautious before decisions related to interest rates issued by major central banks this week, including the Federal Reserve on Wednesday and the Bank of England, the Swiss National Bank, the Riksbank, and the Norwegian Bank on Thursday.

The industrial sector fell 0.5 percent, with Deutsche Post shares falling 2.7 percent.

Kingfisher shares fell 5.2 percent after the European home improvement retailer lowered its annual profit forecast.

But Tour Group shares rose 4.2 percent after the tourism company confirmed its expectations for the entire fiscal year 2023, indicating strong bookings for the summer and next winter season.