Publications
Partners
London - European shares retreated from a seven-and-a-half-year high on Tuesday, with PSA Peugeot Citroen leading automakers lower after the release of car sales data and a German economic sentiment survey coming in below expectations.
Germany's DAX, down 1.6%, underperformed the broader market after hitting a new record high in the previous session. The pan-European FTSEurofirst 300 index index was down 0.9% at 1 580.58 points at 13:29 after hitting a seven-and-a-half-year high of 1 598.03 earlier in the session.
The STOXX Europe Automobiles and Parts index fell 2.7%, the top sectoral decliner, dragged down by a 7.8% fall in Peugeot after the automaker's vehicle sales rose less than the sector in February.
