European Markets Dip Amid Waning China Optimism and US CPI Focus
TL;DR Summary
European markets fell on Tuesday as investors awaited the U.S. inflation report, with the Stoxx 600 down 0.3% and basic resources stocks leading losses. Stellantis announced a joint venture with CATL to build a battery factory in Spain, while TeamViewer shares dropped after announcing its acquisition of 1E. Allianz raised its financial targets, aiming for higher earnings per share and return on equity. Germany confirmed a 2.4% inflation rate for November, and China's import data showed a slowdown.
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