European stocks hovered near one-week lows on Tuesday, as a climb in Treasury yields, surging oil prices and weak industrial profits data from China stoked worries about the economic recovery.
Goldman Sachs has cut its forecasts for China's economic growth in 2021 as constraints on energy consumption added to headwinds facing the world's second-largest economy.
The pan-European STOXX 600 index was down 1.1 percent at 457.33, extending losses for a third session on concerns over the impact from the debt crisis at China Evergrande Group and Federal Reserve tapering.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.