India, July 15 -- European stocks closed lower on Tuesday, extending recent losses, despite some optimism about the European Union striking a trade deal with the U.S. in the coming weeks. Data showing an acceleration in U.S. inflation in the month of June hurt sentiment.
Investors largely made cautious moves while assessing ongoing trade negotiations between the U.S. and EU, and reacting to the latest set of economic data from the region.
Data showing a steady pace of growth in China aided sentiment, but U.S. inflation report weighed.
The pan European Stoxx 600 closed down 0.37%. The U.K.'s FTSE 100 ended 0.66% down, Germany's DAX fell 0.42% and France's CAC 40 drifted down 0.54%. Switzerland's SMI settled lower by 0.32%.
Among other ma...