European stocks fell Tuesday, led by declines among telecom, industrial and consumer goods shares. The Stoxx Europe 600 eased 0.4% to 387.69. But showing slight gains were basic materials shares after Chinese Premier Li Keqiang said government initiatives are driving job growth. In London, the FTSE 100 was flat at 7,447.98. Germany’s DAX 30 shed 0.2% to 12,744.05 and France’s CAC 40 was off 0.3% at 5,281.54. Investors will watch for remarks by Bank of England Gov. Mark Carney, at 6 a.m. Eastern Time, and Federal Reserve Chairwoman Janet Yellen, at 1 p.m. Eastern time, with both in London. European Central Bank President Mario Draghi early Tuesday defended the bank’s monetary stimulus efforts. On the 600, Bankia SA rose 3.8% following a deal to purchase lender BMN. Meanwhile, a profit warning dragged down shares of auto parts supplier Schaeffler AG .
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