Brussels - Saba:
European stocks stabilized during trading on Tuesday, with investors remaining cautious following the sharp losses suffered by global technology stocks in the previous session, due to growing concerns about slowing economic growth in the United States and the possibility of it slipping into recession due to escalating trade tensions.
The European Stoxx 600 index fell 0.07 percent by 08:14 GMT, after falling yesterday to its lowest level in about a month.
On Wall Street, the Nasdaq, which includes major technology companies, fell 4 percent, reaching its lowest level in about six months, raising concerns in global markets.
Travel and leisure stocks led the European sectoral declines, falling 1.6 percent, while healthcare stocks fell 1.2 percent. Bank stocks also lost 0.9 percent, having recently benefited from improved spending prospects in Germany.
In contrast, Volkswagen shares rose 3.2 percent after announcing a positive outlook for a slightly higher operating profit margin in 2025. The auto and parts sector index also rose 0.9 percent.
Redecare Pharmacy shares rose 12.3 percent after the company announced its annual results and expressed an optimistic outlook for 2025.
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