European stock markets traded in the red due to the mining and automotive sectors. Market participants are waiting for British Prime Minister Theresa May's speech about the position of London in the negotiations on the withdrawal from the EU (Brexit), as well as the meetings of the European Central Bank, which will be held on Thursday.

The risks of a recession in the UK over the next 12 months fell to levels seen prior to the June referendum: economists estimate a probability of 20% compared to 30% in December and a record 50% in August.

The composite index of the largest companies in the region Stoxx Europe 600 down 0.4%, to 361.54 points, after falling 0.8% on Monday, which was the most significant fall since November

Price of Rio Tinto shares fell 1.3% in London trading after the publication of mining data.

The stock price of British American Tobacco has decreased by 0.3%. BAT buys Reynolds for $ 49.4 billion, enabling it to become the largest tobacco company in the world.

Meanwhile, Rolls-Royce market value jumped by 5.5%. British Engineering Holding agreed to pay 671 million pounds (over $ 800 million) to regulators in Brazil, the UK and the US as part of the settlement of corruption cases.

Deutsche Lufthansa shares rose 3.8% on reports that Etihad Airways may buy from 30% to 40% of the company.

The capitalization of Deutsche Bank rose 0.4% on rumors that the bank will refuse to pay annual bonuses.

Shares of Swiss chocolate maker Lindt rose by 6.9%, as the company was able to increase sales in Europe, Japan and Brazil..

At the moment:

FTSE 7298.26 -28.87 -0.39%

DAX 11446.39 -108.32 -0.94%

CAC 4848.14 -34.04 -0.70%