European stocks mixed s investors react to Chinese data, coronavirus concerns

European stocks were mixed on Tuesday morning as concerns over containment of the coronavirus pandemic continued to weigh on investor sentiment, despite promising data out of China.

The pan-European Stoxx 600 hovered just above the flatline by late morning, with banks dropping 1.3% to lead losses while technology stocks climbed 0.8%.

European markets are struggling to follow the positive trend set by markets in Asia Pacific, which rose Tuesday afternoon as China’s official manufacturing Purchasing Manager’s Index for June came in above expectations.