The pan European Stoxx 600 closed down by 0.3%

European stocks closed lower on Tuesday and most of the markets in the region dropped to multi-week lows before regaining some lost ground, as growth concerns due to tariffs forced investors to tread cautiously with regard to riskier assets.

Rising possibility of the European Central Bank holding interest rates at current levels, and slightly fading enthusiasm for AI also appeared to be rendering the mood cautious.

Investors awaited the Bank of England’s monetary policy announcement this week. The BoE is widely expected to hold interest rate at 4%.

The pan European Stoxx 600 closed down by 0.3%.

Czech Republic, Denmark, Finland, Greece, Iceland, Netherlands, Norway, Poland, Portugal and Sweden closed weak.

Russia, Belgium and Ireland ended higher, while Austria and Spain closed flat.

Among other markets in Europe, Germany’s DAX and France’s CAC 40 shed 0.76% and 0.52%, respectively. The U.K.’s FTSE 100 edged up 0.14%, and Switzerland’s SMI jumped 0.58%.

In the UK market, JD Sports Fashion, Burberry Group, Entain, Hikma Pharmaceuticals, Antofagasta, Whitbread, Endeavour Mining, Easyjet and Howeden Joinery Group shed 2 to 5%.

In the German market, Fresenius Medical Care tanked more than 9% after the dialysis specialist maintained its 2025 targets after reporting better-than-expected third-quarter results, helped by cost cuts.

Beiersdorf, Commerzbank, Henkel, Bayer, Merck, Siemens Healthineers and Qiagen closed notably higher.

In the French market, Edenred slid nearly 8%. The French vouchers and benefit cards provider lowered its medium-term earnings growth targets. The company expects like-for-like EBITDA growth of between 2% and 4% in 2026, down from at least 10% in the 2025 fiscal year.

In economic news, data showed France’s central government budget deficit narrowed to €155.4 billion at the end of September 2025, from €173.8 billion in the same month last year.