Significant losses hit European stocks, with the main index dropping to its lowest levels in two months.

European stock indices witnessed significant collective losses during trading on Tuesday, amid the release of some economic data from the continent and the earnings results of some major companies, as geopolitical tensions between Russia and the West continue to escalate. A series of warnings from Russia regarding a potential response to any attacks on its territory or that of its allies with nuclear weapons, alongside Ukraine's disregard for the matter by using American-made weapons to bomb Russia, have increased risk aversion among investors, especially after the European Union confirmed its commitment to ongoing military aid to Ukraine. **In terms of trading, the performance of European stock indices today was as follows:** - The EURO STOXX 600 index fell by 0.98% to record 497.60 points, marking its lowest level since August 13. - The German DAX index dropped by approximately 1.21% to 18,955.67 points, its lowest level since November 13. - The French CAC 40 index declined by 1.24% to 7,189.50 points. - The British FTSE 100 index decreased by 0.44% to 8,075.4 points. - The Spanish IBEX 35 index fell by 1.35% to 11,517.41 points. - The Italian FTSE MIB index dropped by 2.30% to its lowest level since August 16 at 32,945.85 points. Shares in the automotive and banking sectors led the losses, with automotive shares falling by 1.8%, and Stellantis's stock declining by 3.3%, while banking shares decreased by 2.25%. In contrast, utility sector shares increased by 0.24%. In terms of corporate shares, British Burberry's stock fell by 5.6% after announcing a 19% drop in revenue, while shares of German Evotec registered a loss of 7.2% today. On the positive side, German ThyssenKrupp topped the list of gainers on the European index, with its shares rising by 8.6% following the announcement of strong earnings, and British Vesuvius shares increased by 6.8% after announcing a new share buyback program. In Germany, Siemens Energy shares led losses on the DAX index, down by 2.5%, while Volkswagen, Mercedes-Benz, and Continental shares fell by more than 2%, whereas Rheinmetall shares in the defense sector rose by 2%.