Stocks in Europe extended losses after Wall Street started Tuesday off on a negative note, with the Dow posting triple-digit loss in its morning session.
The bulk of sectors traded lower, with banks and miners both down over 1 percent. Looking closer at individual stocks, UBS shares sank by a little over 3 percent after fresh earnings on Tuesday missed estimates, as it noted outflows worth nearly $8 billion at its wealth management division.
Sticking with Europe's biggest losers, IG Group tumbled over 8.5 percent after posting its latest corporate earnings, which saw pretax profit fall to £113 million ($146 million) in the six months to November-end, compared to £136.2 million the year before. The group added that it expects revenue for 2019 to be lower than 2018.
Meanwhile, shares of U.K. airline easyJet soared to the top of Europe's benchmarks, up 6.2 percent despite receiving a trading update which highlighted that operations had been affected by the 2018 drone disruption at Gatwick.