Share markets traded lower on Tuesday in Europe, correcting Monday’s jump where market sentiment was broadly boosted by the latest US stimulus effort. Almost all benchmarks drifted lower, led by the financial sector, as despite some positive developments on a day-to-day basis, investors still lack long-term clarity. Today’s agenda is not particularly busy even if investors will pay attention to the US CB Consumer Confidence release for September, due later in the afternoon, as well as this evening’s crucial first debate between President Trump and Joe Biden. Biden is expected to lay out his strategies on key matters such as the US’ relationship with China, which would provide investors with more clues on what to expect if he wins the election.
The IBEX-35 Index in Madrid is one of today’s worst performers with the banking sector, notably Banco Santander leading declines.
