European markets fell sharply on Tuesday, with the Stoxx 50 and Stoxx 600 dropping over 2%, marking the biggest decline since August. Investors are concerned about how US President-elect Donald Trump's return to office might impact Europe's economy.
Most sectors were in the red, with mining stocks leading the losses, down by 4% due to lower metal prices like gold and copper. Technology stocks were the only sector to see slight gains. Investors are also focusing on economic data, with the ZEW Indicator of Economic Sentiment for Germany declining more than expected.
Also, German inflation was confirmed at 2.4% in October, rising from 1.8% in September. US inflation data and UK GDP figures are due later this week, adding to the uncertainty.
Source : Trading Economics
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