India, May 6 -- European stocks closed broadly lower on Tuesday with investors largely staying cautious, following political and geopolitical developments, digesting economic and earnings updates, and awaiting the monetary policy announcements from the Federal Reserve and the Bank of England, due later in the week.
The German market, which started off on a very weak note amid political uncertainty, recovered well and trimmed its losses as the day progressed after the leader of Christian Democratic and Christian Social Union bloc Friedrich Merz was elected chancellor in second parliamentary vote in Bundestag, after failing to secure the necessary support at first.
The pan European Stoxx 600 closed down 0.18%. The U.K.'s FTSE 100 edged up 0...