Winners are Losers in Last Day of Quarter for European Equities
Investors will watch economic reports today, with the euro area updating on consumer prices, while the U.S. releases private income and spending data. A report on U.S. manufacturing is also due, along with factory gauges across the euro region.
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The industries and markets that led the rally in European shares this quarter were responsible for their decline on Tuesday.
The Stoxx Europe 600 Index lost 0.6 percent to 397.3 at the close of trading in London, trimming its best first-quarter rally since 1998. Carmakers and chemicals companies fell the most among 19 industry groups. Benchmark national gauges of Germany and Portugal, up more than 22 percent this year, dropped at least 0.8 percent.