European stocks closed lower on Tuesday, marking their first negative month since October. The Stoxx 600 index ended the day 0.6% lower, with major bourses across the region seeing declines. Most of the sectors declined, with the auto sector decreasing to 4.3 percent and basic resources falling to 1.14. Only the health care stocks managed to slightly increase by 0.2 percent. Preliminary data showed that euro zone inflation remained steady at 2.4 percent in April and core inflation came in at 2.7 percent. Meanwhile, U.S. stocks also fell due to disappointing earnings and inflation data. For the future, investors are closely observing earning reports from major companies like HSBC as well as economic indicators to get insights about the health of the European economy.
Link: https://www.cnbc.com/2024/04/30/european-markets-live-updates-euro-zone-inflation-gdp-and-earnings.html
What factors do you think contributed to the decline in European stocks this month, and how might it affect how investors feel about investing in the future?
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