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European stocks close sharply lower on US-China trade uncertainty, weak earnings

European stocks closed sharply lower on Tuesday as investors digested earnings and renewed U.S.-China trade uncertainty. Market players also positioned themselves ahead to key interest rate decision from the U.S. Federal Reserve.

The pan-European Stoxx 600 closed down 1.45% at 385.11. Autos and banks led the losses, both off more than 2%, as all sectors and major bourses traded firmly in the red. Germany™s DAX was among the worst-performing bourses after a series of weak earnings from German corporate giants, trading over 2% lower.

U.S. and Chinese negotiators are set to resume face-to-face trade talks on Tuesday, though expectations of a significant breakthrough this week remain low.

Source : CNBC

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