Odaily Planet Daily News: European stocks fell slightly on Tuesday, ending a five-day winning streak. The decline in energy stocks overshadowed recent optimism about the Federal Reserve's interest rate cuts. The European STOXX 600 index closed down 0.5% as falling oil prices hit energy stocks and bank stocks fell. Germany's DAX index fell 0.3%, ending its longest winning streak since 2014. Earlier this month, global risk assets suffered a setback as investors worried about a slowdown in the US economy, and high-valuation stocks such as technology stocks were hit particularly hard. In Europe, more defensive sectors such as telecommunications and healthcare stocks rebounded, helping the STOXX 600 index rebound and is expected to hit a record high. "In general, it is healthy for the market to experience small declines from time to time, which only reminds people that the market is not an escalator, it will not only go up but not down," said Michael Field, European market strategist at Morningstar. (Jinshi)