Risk aversion prevailed on European stock markets on Tuesday amid weak statistical data on the region. The main indices ended trading in the negative - German DAX fell by 1.26%, British FTSE 100 - by 0.43%, French CAC 40 - by 1.22%.

Yesterday, the data on the index of business activity in industry in Europe for July were released. According to S&P Global, it reached the minimum value for more than 3 years - 4.7 p. Compared to the previous month, it decreased by 0.7 percentage points. The same indicator for Germany also reached a three-year low of 38.8 points, down 0.8 percentage points from June. A similar PMI for France also showed a decline to 45.1 p., down 0.9 percentage points from the previous month's results.

According to CMC Markets UK analyst Michael Hewson, such statistics indicate deflation in the European manufacturing sector, prices in which, according to his forecast, will continue to decline. In the services sector, he expects them to be more stable, reports Bloomberg.