European markets closed lower Tuesday as investors look ahead to more key economic data this week, including U.S. inflation figures out Wednesday.
European markets
The Stoxx 600 index closed down 0.6%, with the majority of sectors in negative territory following solid gains on Monday. Insurance stocks led losses, falling 1.4%, while mining stocks rose 1.3%.
BP shares rose to their highest level since October after the oil major said it expected higher upstream production in oil and gas in the first quarter. Struggling French IT consultancy Atos rose 5% before tumbling to a 14% loss after detailing its refinancing framework.
Markets continue to see a roughly 50% chance of a cut in June, according to CME's FedWatch tool, although Minneapolis Fed President Neel Kashkari last week raised the possibility of zero rate cuts this year if inflation remains sticky.
U.S. stocks pulled back on Tuesday, while Asia-Pacific markets were mixed overnight as investors awaited consumer confidence data from Japan.