European stocks fall after 3 days of recovery

Stoxx 600 The European Union increased by 0.5% by 0711 GMT.

On Tuesday, the index recorded its best daily performance since mid-March after weak data from the US manufacturing sector, a decline in unemployment claims in the United States and an increase in the number of workers Reserve Bank of Australia By raising interest rates less than expected, which renewed hopes that central banks around the world could announce lower interest rate hikes in the future.

The auto and travel and leisure sectors declined by more than one percent each, the largest decline among the sub-indices included on the Stoxx 600.

Among corporate stocks, troubled Scandinavian Airlines rose 2.9 percent after it reached agreements with ten of the companies that lease planes to it to amend the terms of existing lease contracts.

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All eyes are now on the UK composite PMI data, the Eurozone, and the US jobs data.

stock moves

to retreat Stoxx 600 The European Union increased by 0.5% by 0711 GMT.

On Tuesday, the index recorded its best daily performance since mid-March after weak data from the US manufacturing sector, a decline in unemployment claims in the United States and an increase in the number of workers Reserve Bank of Australia By raising interest rates less than expected, which renewed hopes that central banks around the world could announce lower interest rate hikes in the future.

The auto and travel and leisure sectors declined by more than one percent each, the largest decline among the sub-indices included on the Stoxx 600.

Among corporate stocks, troubled Scandinavian Airlines rose 2.9 percent after it reached agreements with ten of the companies that lease planes to it to amend the terms of existing lease contracts.

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