European Markets Fail To Hold Gains, Close Weak

Despite spending much of the day’s trading session in positive territory, most of the major markets in Europe closed on a weak note on Tuesday due to a sell-off in the final hour.

Markets gained in strength earlier in the day amid signs of U.S. and Iran striking a peace deal soon, following Iran and Israel halting the strikes against each other.

Data showing an increase in Germany’s industrial output in the month of April, and a faster pace of growth in exports contributed as well to the positive sentiment in the markets early on in the session.