European stock markets dropped on Tuesday, retreating from multiyear highs reached the prior day, with investors waiting for the latest take on German investment sentiment, the ZEW survey.
The Stoxx Europe 600 index lost 0.4% to 323.40 after closing at the highest level since May 2008 on Monday. Shares of Royal KPN NV climbed 2.7% after Credit Suisse lifted the Dutch telecom firm to outperform from neutral. Shares of K+S AG gave up 1.9% after Standard & Poor’s Ratings Services late Monday lowered the long-term credit rating on the German potash maker.
Germany’s DAX 30 index gave up 0.3% to 9,195.16, after closing at an all-time high on Monday. The U.K.’s FTSE 100 index fell 0.4% to 6,696.52 and France’s CAC 40 index lost 0.6% to 4,295.42. 
Source : Marketwatch
