European stocks traded lower on Tuesday due to escalating trade tensions between the U.S. and China, as well as ongoing political unrest in France. China’s commerce ministry expressed openness to talks, but criticized the U.S. for threatening new measures. Investors also digested weak regional data and awaited Federal Reserve Chair Jerome Powell’s address and earnings from major Wall Street banks. Germany saw a rise in consumer price inflation for September, while the UK’s unemployment rate increased slightly. The pan-European Stoxx 600 dipped 0.5%, with various companies experiencing both gains and losses in the market.

In the UK, the unemployment rate rose slightly in the three months to August, with the ILO jobless rate reaching 4.8%. Germany’s consumer price inflation rose to 2.4% year-on-year in September, while the ZEW economic sentiment index came in below expectations at 39.3 for October. Major European stocks like Deutsche Telekom, TomTom, and THG saw gains, while Bytes Technology Group experienced a 10% plunge in shares. GSK, Bellway, BP, Publicis Groupe, Ericsson, and Givaudan also had notable movements in the market.

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