LIVE MARKETS-STOXX slips, Germany and earnings in focus

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STOXX SLIPS, GERMANY AND EARNINGS IN FOCUS

Europe's STOXX 600 .STOXX is down 0.5%, as traders stay focused on trade tensions, a stream of corporate earnings and news that German conservative leader Friedrich Merz failed to garner the parliamentary majority needed to become chancellor.

German stocks are underperforming the broader market slightly, with the benchmark DAX .GDAXI index off 1.2% while the mid-cap index MDAXI is down 1.9%.

On a sector basis, a basket of aerospace and defence stocks .SXPARO is off 1.7%. Miners .SXPP are down 1.5%, with Anglo American a particular drag. It's down 4.3%, with Peabody saying it may exit its pending deal to acquire some of the British mining company's Australian steelmaking coal assets.

Oil and gas names are the best off, up 0.3%.

German fashion house Hugo Boss shares are up 5.5%, topping the index after posting a Q1 beat and reiterating its 2025 outlook.

On the flipsde, German software company Teamviewer shares are down 10% after reporting lower-than-expected results for the first quarter.

(Lucy Raitano)

FOR TUESDAY'S OTHER LIVE MARKETS POSTS

EUROPE BEFORE THE BELL: FUTURES MIXED CLICK HERE

DOLLAR SELLING TAKES A BREATHER CLICK HERE