European markets traded in negative territory on Tuesday, retreating from yesterday's mostly positive trading session as investors braced for the latest U.S. inflation report this week.
The pan-European Stoxx 600 fell 0.3% during morning trade.
Basic resources stocks led the losses, dropping 1.2% as investors reacted to weaker-than-expected Chinese import and export figures.
Traders await U.S. inflation data due on Wednesday. The consumer price index data is likely to influence how the Federal Reserve moves to raise interest rates at its Dec. 17-18 meeting. Economists polled by Dow Jones expect headline inflation to rise 0.3% in November and 2.7% over the previous 12 months.
U.S. stock futures hovered near the flatline on Monday evening, after the S&P 500 and Nasdaq Composite retreated from record highs in yesterday's trading session.
Overnight in Asia-Pacific, Chinese stocks were mixed on Tuesday amid broader gains among other regional markets.
Source: CNBC
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