Euro STOXX falls 0.2
Dollar holds near sixweek highs
European and U.S. PMIs in focus
Wall Street set to open down
LONDONSINGAPORE, Feb 21 Reuters European stocks fell on Tuesday ahead of key data that will offer a window into the health of major economies, while the dollar hovered close to its highest in six weeks.
The euro zone, Britain, France and the United States are all set to publish flash February PMI data, with market players watching for signs of the toll tighter monetary policy has taken on activity.
In early trading, the Euro STOXX 600 fell 0.2, with major indexes in Germany, France and Britain opening slightly in the red.
The data comes at a key time for equity markets, whose strong start to the year after a bruising 2022 has stalled in February.
We are at a pivotal moment, where investors are thinking about restarting some positions, said Francesco Sandrini, head of multiasset strategies at Amundi. These numbers are really important.
Manufacturing activity in the euro zone is seen as shrinking in February, though at a slower rate than in the last five months. Services activity is forecast to have expanded modestly.
German business activity returned to growth for the first time in eight months in February thanks to easing supply bottlenecks and improved underlying demand, its data showed.
The MSCI world equity index, which tracks shares in 47 countries, fell 0.2.
U.S. markets, closed on Monday due to President39;s Day holiday, were set for slim…