European stock markets traded mostly lower on Tuesday, as investors assessed the latest round of earnings reports from prominent firms such as Vodafone Group PLC and Infineon Technologies AG.
The Stoxx Europe 600 index fell 0.2% to 322.78, retreating from the highest closing level since May 2008, reached on Monday.
Among country-specific indexes, the U.K.’s FTSE 100 index lost 0.4%, while France’s CAC 40 index gave up 0.2%. Germany’s DAX 30 index slipped 0.1%.
Shares of Infineon Technologies dropped 3.4% in Frankfurt after the chip maker reported fourth-quarter revenue slightly below expectations.
Norsk Hydro ASA slid 5.5% after the aluminum company said Brazilian miner Vale SA has sold its stake in the Norwegian firm.
Vodafone Group lost 0.4% after the wireless-telecoms giant reported a decline in revenue for its existing services business, its so-called organic service-revenue.
On a more upbeat note, shares of TalkTalk Telecom Group PLC rallied 5.8% after the TV and telecoms firm raised its full-year revenue-growth guidance to at least 3% from 2%.
Swiss Life Holding AG jumped 5.8% after the insurance firm said generated premium-income climbed 6% in local currencies in the first nine months of the year.
Most U.K. stocks headed south on Tuesday, with mining firms and GlaxoSmithKline PLC among the leading decliners, although the benchmark index trimmed losses after softer-than-expected inflation data.
The Office for National Statistics said U.K. inflation came in at 2.2% in October, down from 2.7% in September and lower than the 2.5% forecast by analysts. A lower rate of inflation eases pressure on the central bank to tighten monetary policy.
Mining firms were also on the decline, tracking most metals prices lower. Shares of Anglo American PLC lost 1.4%, Glencore Xstrata PLC fell 0.8%, BHP Billiton PLC dropped 0.6% and Rio Tinto PLC gave up 0.4%.
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