Europe markets close lower despite Santander surge; Stoxx 600 gains 2% for the month

Stock market
Image Source: MoneyControl

European markets finished down on Tuesday following a rather quiet session in which investors concentrated on new data, interest rates, and more specific company news.

The pan-European Euro Stoxx 600 fell 0.3%, while the blue-chip index gained 2.07% for the month.

On Tuesday, health care stocks fell 1.5% on the day, while some sectors gained, notably banking, which surged 1.4%.

After announcing intentions to increase its return on tangible equity ratio in the next few years, Santander finished 4.8% higher.

France’s and Spain’s inflation estimates for February were hotter than predicted, with price increases quickening on an annual and monthly basis in both nations.

The FTSE index and the pound were widely observed after British Prime Minister Rishi Sunak signed a new trade agreement with the European Union on Monday to address issues raised by the Northern Ireland Protocol.

The main US indices all fell in February. The Dow Jones Industrial Average dropped on Tuesday. Nevertheless, Asia-Pacific markets finished mostly higher as investors absorbed important economic data from throughout the region.


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