European equities traded mostly in the red on Tuesday, while the U.S. dollar slipped to its weakest level in more than two months. Investors are bracing for the Federal Reserve’s two-day policy meeting beginning later today, where markets widely expect a 25 basis point rate cut.
On the data front, the U.K.’s latest labor figures showed the unemployment rate holding steady at 4.7% in the three months to July, according to the Office for National Statistics. Wage growth cooled slightly, with average earnings excluding bonuses rising 4.8% compared to 5.0% in the previous period, in line with forecasts. Payroll employment in August declined by 127,000 year-over-year and was down 8,000 from July, leaving the total at 30.3 million.
Among major European benchmarks, Germany’s DAX dropped 0.7%, London’s FTSE 100 lost 0.3%, and France’s CAC 40 eased 0.1%.
In corporate news, Trustpilot (LSE:TRST) surged in London after reporting stronger revenues and profitability in the first half of 2025, alongside the launch of a new share repurchase plan. Mining giant Anglo American (LSE:AAL) also advanced after striking a definitive agreement with Chile’s Codelco to coordinate activities at Los Bronces and Andina. Hochschild Mining (LSE:HOC) climbed after naming Cassio Diedrich as its new Chief Operating Officer.
On the downside, recruitment firm SThree (LSE:STEM) slumped sharply after warning that its full-year pre-tax profit will fall well short of market expectations.
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