European Stocks Close Weak

European stocks closed weak on Tuesday despite paring most of their early losses, as the mood remained cautious with investors reacting to the latest batch of economic data from the region and looking ahead to the monetary policy announcements from major central banks, including the Federal Reserve, the Bank of England and the Bank of Japan this week.

Higher bond yields and elevated oil prices amid persisting supply concerns due to the conflict in the Middle East weighed on sentiment.