The pan-European STOXX 600 slipped 0.2% to 554.5 points
European shares inch lower as focus remains on looming US shutdown
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European shares eased on Tuesday with heavyweight energy stocks leading losses due to a drop in oil, while investors weighed the potential impact of a U.S. government shutdown that could delay the release of the closely-watched monthly jobs data.
The pan-European STOXX 600 slipped 0.2% to 554.5 points by 0856 GMT, though set for its third successive monthly and quarterly gain.
Oil and gas stocks dipped 1% as investors anticipate an increase in OPEC+ supply later this week. France's TotalEnergies and UK's BP fell more than 1% each.
Other sectoral laggards included chemicals , down 0.8% and automobiles , off 0.5%.
On Monday, U.S. Vice President JD Vance said that a government shutdown was likely as budget talks with Democrats stalled. It could delay the release of the crucial jobs data, a key indicator of economic health, due later this week.
Daniela Sabin Hathorn, senior market analyst at Capital.com, attributed the European markets' slip on Tuesday to a "spillover" sentiment in the global market.
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