- David Miller, a partner at Cheviot Asset Management
European stocks edged lower on Tuesday led by carmakers.
The Stoxx Europe 600 Index declined 1.14 per cent to 268.97. Germany's DAX Index slid 1.39 per cent and France's CAC 40 Index lost 1.32 per cent. The U.K.'s FTSE 100 Index tumbled 1.17 per cent to 5,891.41.
"Last week was a major move and there's no surprise that we've seen a bit of a rest this week," David Miller, a partner at Cheviot Asset Management in London said.
"There's been a growing realization that in fact the economic numbers particularly out of the States have been better than expected and consistently good and in Europe we've had the absence of bad news."
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