European stocks closed lower on Tuesday as investors reacted to U.S. producer inflation data and news of Brainard being considered for Fed chair. The Stoxx 600 fell 0.19%, with the FTSE 100, DAX, and CAC 40 also declining. Some markets in Europe ended weak, while others moved higher or remained flat. In the UK, Associated British Foods surged 8% after reporting higher profits. Rolls-Royce Holdings rallied 3.6%, while Darktrace plunged over 6%. Persimmon Plc shares fell more than 2.5%. In Germany, Bayer rallied nearly 2% after swinging to a profit. Economic data showed Germany’s exports unexpectedly declined in September.

German economic confidence improved for the first time in six months, with the ZEW Indicator of Economic Sentiment rising more than expected in November. France’s visible trade deficit widened, while UK retail sales increased at a faster pace in October.

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