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On Tuesday, European equities faltered at the start of 2018 because autos shares dived and an impressive run-up in metals as well as mining stocks reversed. Meanwhile, strength in crude companies and financial institutions was not enough to tame the slide.
The STOXX 600 lost 0.3%, while euro zone stocks STOXXE edged down 0.4%.
Autos stocks SXAP descended 2%, set for their biggest daily dive since July 2017, suppressed by weaker car registrations data.
In France, in December, new car sales dived 0.51% and the share of new diesel vehicles sank below 50% for the first time since 2000.
Traders also hinted at a report in Britain's Daily Telegraph citing estimates that British car registrations data, due out on Friday, would demonstrate a 5% dip in new car sales.
BMW, Fiat Chrysler, Renault, Peugeot and Volkswagen all appeared to be among top losers, sliding 2.4%-2.8%.
As for basic resources stocks, they fell back too, with the sector index sliding 0.8%.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
On Wednesday, crude held revenues in Asia because industry estimates revealed a much sharper draw in American crude inventories expected, although higher than seen gasoline stocks affected market sentiment…
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