European markets dip on renewed trade tensions

[Global Business Strategy on Digital Display]
Tom Werner/DigitalVision via Getty Images

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.32% at 9,412. UK's unemployment rate rises to 4.8% in August. [https://seekingalpha.com/news/4503747-uks-unemployment-rate-rises-to-48-in-august]The British pound fell below $1.33, hovering at its weakest level since August 1. UK retail sales rose 2% year-on-year on a like-for-like basis in September.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -1.11% to 24,122, its lowest since October 1, reversing some of the previous session’s gains. Germany's inflation rises as expected to 2.4% in September. [https://seekingalpha.com/news/4503751-germanys-inflation-rises-as-expected-to-24-in-september]

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.86% to 7,865, uncertainty around France’s political situation and the ongoing US government shutdown also kept investors on edge.

Industrial production in Hungary fell by 7.3% Y/Y in August. Hungary’s construction output fell by 15.2% Y/Y in August.

Finland’s annual inflation rate held steady at 0.5% in September.

Switzerland’s producer and import prices declined by 1.8% Y/Y in September.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] turned 0.82% lower to 562, reversing slight gains from the previous day. Market concerns were further amplified after U.S. and China said that they will begin charging new port fees on each other’s vessels starting Tuesday.

Gold prices steadied at $4,130 per ounce on Tuesday, remaining close to a record high hit earlier in the session.

In the bond market, the yield on the US 10-year Treasury was down 4 basis points to 4.02%.

Germany's 10-year yield was down 4 basis points to 2.59%.

UK's 10-year yield was down 6 basis points to 4.61%.

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