European stock markets closed lower on Tuesday as U.S. debt ceiling negotiations continued.
The region's benchmark Stoxx 600 index closed 0.6% lower, with sectors mixed as trading came to a close. Household goods fell 2.5% as industrials dropped 1.3%, while oil and gas stocks gained 0.9%.
European markets
The euro zone Composite Purchasing Managers' Index for May showed solid growth that continued to be driven by services, with manufacturing hit by weak demand and a fall in selling prices.
"Eurozone GDP is likely to have grown in the second quarter thanks to the healthy state of the services sector. However, the manufacturing sector is a powerful drag on the momentum of the economy as a whole," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank.
"German companies from this sector are particularly hard on the brakes, as new orders here have fallen even more significantly than in France and the production index is also pointing sharply downward."
On Monday, House Speaker Kevin McCarthy said he had a "productive" and "professional" meeting with President Joe Biden on how to raise the debt ceiling, but that the two did not reach a deal. June 1 is seen as the earliest date that the U.S. could default, lending urgency to the discussions.
Asia-Pacific markets closed mixed, while U.S. stocks were lower on debt ceiling concerns.