European stocks inch lower on the first trading day of the new year, extending a losing streak that trimmed 2017 gains last week, while the euro rises to $1.2035, a level not seen since September.
The Stoxx Europe 600 Index falls 0.2%, down for a third day. The benchmark rose 7.7% last year. Miners and carmakers lead losses on Tuesday, while energy shares track oil prices higher.
6 out of 19 Stoxx 600 sectors rise; oil & gas sector has the biggest volume at 66% of its 30-day average; 305 Stoxx 600 members gain, 272 decline
Top Stoxx 600 outperformers include: Steinhoff International Holdings +22.6%, Vestas Wind Systems +3.6%, Telenet Group Holding +2.3%, BT Group +2.0%, St James’s Place +1.6%
Top Stoxx 600 underperformers include: Ashtead Group -2.5%, Deutsche Lufthansa -2.3%, Clariant -2.0%, Rio Tinto -2.0%, Polymetal International -1.9%.