European Stocks Fall on Mixed Economic Data

European stocks closed lower on Tuesday after the release of mixed economic data and on the regional and local levels.

Eurozone retail sales increased more than expected in May, by 4.6%, according to data by Eurostat.

Meanwhile, industrial orders in German unexpectedly dropped by 3.7% in May, marking its biggest decline since the onset of the coronavirus (COVID-19) pandemic.

The STOXX Europe 600 index saw its biggest decline since the last session of June, falling by 0.52% to close at 455.98 points. This marked the first loss for the pan-European index in four sessions.

The German DAX fell by 0.96% to 15,511.38, while the French CAC40 finished lower by 0.91%.

Similarly, the UK’s FTSE100 ended the session lower by 0.89%.