European equities retreated on Tuesday, with the STOXX 50 falling 0.7% to its lowest level in nearly four months and the STOXX 600 slipping 0.4%, extending almost 1% losses from the previous session. Market sentiment remained weak amid renewed pressure on AI-related stocks and persistent concerns over stretched valuations in the sector.
Rising oil prices, along with ongoing worries about political unrest and instability in France, further weighed on risk appetite across the region.
At the stock-specific level, ASML Holding declined 2.8%, Siemens fell 3.0%, Schneider Electric lost 3.6%, Safran was down 1.3%, and Siemens Energy slipped 2.5%. ABB dropped 4.5%, even though its third-quarter results were broadly in line with market expectations.
