Basic resources and autos were the biggest fallers Tuesday, amid continued concerns of a trade war between the U.S. and China. Meantime, oil and gas jumped 1.42 percent as a sector, on the back of a sharp rise in crude prices. The sector saw prices rise on the back of U.S. sanctions on Iranian crude exports, and as the U.S. east coast braced for a major hurricane.
Looking across the European benchmark, ArcelorMittal fell 2 percent, after news that the steelmaker had raised its offer to buy Essar Steel. Heineken shares dropped 1.4 percent following some rating downgrades by analysts.
Elsewhere, Amer Sports Corporation soared 18.8 percent after the sports equipment maker had a takeover approach of 4.6 billion euros ($5.33 billion) from ANTA Sports and private equity firm FountainVest Partners; Reuters reported.
Meantime, Ashtead Group rose over 5 percent, after the industrial equipment rental firm said in its latest earnings report that it expected full-year results to be ahead of its expectations, on the back of a weaker pound.
Market players have been digesting news that the White House is preparing a second meeting between President Donald Trump and North Korean leader Kim Jong Un, while tracking the last events on global trade. Investors are conscious of potential new trade tariffs from the U.S. on China.
Shares of European Apple suppliers ams AG and STMicroelectronics meantime closed deep in the red after Trump said the tech giant was being hurt by U.S. tariffs on Chinese imports and that the firm should bring production back home.