European stocks fell on Tuesday as rising COVID case counts in several regions fueled talks of another round of painful lockdowns in China, especially in Shanghai or Beijing.
Investors also fretted about a worsening energy crisis in Europe. A major gas pipeline from Russia to western Europe shut down for annual maintenance on Monday and is scheduled to be out of action until July 21.
It is feared that the shutdown might be extended as the European Union prepares to impose a phased embargo on Russian oil and ban maritime insurance for any tanker that carries Russian oil.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
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.