European stocks suffer moderate losses

By FXStreet FXStreet (Mumbai) – European stocks turned lower Tuesday as investors remain cautious due to signs of slowdown in the global growth ahead of Thursday’s Fed rate decision.

At the moment, the Stoxx Europe 600 is down 0.2% to 353.05. Among sub indices, only the technology, health care and consumer goods groups are making modest gains. The index was up almost 0.4% earlier today.

The concerns regarding the global growth aptly raised their head through a gauge of sentiment in Germany. The ZEW think tank’s indicator of economic expectations for September fell to a 10-month low. The investors now await the US Fed rate decision due this Thursday.

The major index gainers include names like Infineon AG, Dialog. On the minus side are Alpha Bank, E.ON SE, and RWE AG ST.
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Source:: FX Street