European Markets Mostly Lower on Weak Economic Data

European stock markets closed mostly lower on Tuesday, reacting to the latest economic data revealing a significant drop in the Eurozone's trade surplus for goods in October compared to the previous month. Additionally, the report of a worsening business climate in Germany further dampened market enthusiasm.

Key indices showed mixed results. The DAX fell 0.17% as Brenntag SE decreased 0.80%. The Euro Stoxx 50 remained in negative territory, declining 0.13% after Santander Banco slumped 4.53%. The FTSE 100 lost 0.75% with Bunzl PLC leading the losses, going down 5.68%. Conversely, the CAC 40 showed gains, rising 0.13% resulting from Sanofi SA adding 3.87%.

Currency markets also reacted, with the euro dropping 0.12% against the dollar, trading at $1.04975 at 5:24 pm CET. Meanwhile, the pound sterling saw gains, adding 0.20% against the United States dollar, selling for $1.27092 at 5:26 pm CET.