Europe Stocks Fall After Best Rally In Two Months

European stock markets fell on Tuesday, retreating after the biggest rally in more than two months, as investors waited for the Federal Reserve decision due on Wednesday.

Analysts are split as to whether the central bank will start tapering its asset purchases after recent upbeat data and a budget deal in Washington. The Stoxx Europe 600 index dropped 0.3% to 312.56 after rallying 1.3% on Monday.

Shares of CGG tanked 11% in Paris after the oil-services firm said fourth-quarter earnings will be impacted by project delays. Among country-specific indexes, the U.K.’s FTSE 100 index lost 0.6% to 6,484.79 and France’s CAC 40 index slid 0.9% to 4,084.66. Germany’s DAX 30 index fell 0.4% to 9,125.26.

Source : Marketwatch