By Sruthi Shankar and Susan Mathew
(Reuters) – European equities retreated on Tuesday on investor fears that rising commodity prices would hurt the recovery of corporate earnings.
The FTSEurofirst 300 index fell 0.1% to 1,772 points, while the pan-European STOXX 600 index lost 0.07% to 457 points, about 4% below its August peak.
Concerns over China’s real estate sector also lingered after Evergrande missed its third round of bonus payments in three weeks.
Mining stocks returned some of their strong Monday gains on the slowdown in the rally in commodity prices, while automakers and the travel sector retreated 0.5%.
In LONDON, the Financial Times index retreated 0.23% to 7,130 points.
In FRANKFURT, the DAX index fell 0.34% to 15,146 points.
In PARIS, the CAC-40 index lost 0.34% to 6,548 points.
In MILAN, the Ftse/Mib index appreciated by 0.23%, to 25,990 points.
In MADRID, the Ibex-35 index rose by 0.41% to 8,935 points.
In LISBON, the PSI20 index gained 0.46% to 5,562 points.
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