European stocks fell, with Julius Baer falling

European stocks fell on Tuesday, dragged down by Swiss wealth manager Julius Baer after weak results, while investors await data on business activity in the euro zone for clues about the path of interest rates.

The pan-European Stoxx 600 index was down 0.3% by 0715 GMT, with the travel and leisure sector and financial services companies leading the losses.

Julius Baer plunged 7.6% after the Swiss bank reported a modest rise in assets under management and money flows in the first four months of the year, in what it described as a difficult period for wealth managers.

In Britain, BT Group shares rose 0.4 percent, with billionaire Patrick Drahi increasing his stake in the telecom group to 24.5 percent, but he confirmed that he did not intend to make a full takeover.

French media group Vivendi fell 6.1 percent to the bottom of the main Paris index CAC 40.