European Stocks Slip as Rate-Cut Doubts, Inflation Jitters Weigh
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European stocks fell on Tuesday as doubts over how many interest-rate cuts the Federal Reserve could deliver this year and caution before US inflation data curbed risk sentiment.
The Stoxx 600 index was down 0.6% by the close in London, with insurance, construction and industrial sectors down the most. Mining stocks got a boost as iron ore headed for its largest two-day rally in more than two years, with China entering a stronger season for steel demand. Copper is also trading near a 15-month high. Telecom shares outperformed.