European stocks closed lower at the end of Tuesdays trading, affected by a decline in the shares of commodity-related companies. The European Stoxx 600 index ended trading down by 0.3 percent, with the sub-index for raw materials companies declining by 1.7 percent, in the worst performance among the various sectors as a result of the decline in metal prices. The index of shares of highly influential energy companies also declined by 0.9 percent. The index of the ten largest European luxury goods companies fell by more than one percent, continuing losses after falling three percent in the previous session. Hugo Boss shares fell by 7.5 percent after the German fashion house lowered its sales and revenue expectations during the current year as a result of weak global consumer demand. Source: Qatar News Agency
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