According to Odaily, European stock markets saw a slight decline on Tuesday, ending a five-day winning streak. The downturn was primarily driven by losses in the energy sector, which overshadowed recent optimism regarding potential interest rate cuts by the Federal Reserve. The pan-European STOXX 600 index fell by 0.5%, impacted by a drop in oil prices that hit energy stocks, as well as a decline in banking stocks. Germany's DAX index also decreased by 0.3%, marking the end of its longest winning streak since 2014. Earlier this month, global risk assets faced setbacks due to investor concerns about a slowdown in the U.S. economy, with high-valuation stocks, particularly in the technology sector, being significantly affected. In Europe, more defensive sectors such as telecommunications and healthcare stocks saw a rebound, aiding the STOXX 600 index's recovery and positioning it for a potential record high. Morningstar European market strategist Michael Field commented, 'Generally speaking, it is healthy for markets to experience occasional small declines, as it serves as a reminder that markets are not an escalator; they do not only go up.'