12:19 PM EDT, 07/15/2025 (MT Newswires) -- The European stock markets closed lower in Tuesday trading as the Stoxx Europe 600 dropped 0.37%, Germany's DAX lost 0.32%, the FTSE 100 fell 0.66%, France's CAC was down 0.54%, and the Swiss Market Index declined 0.32%.

The European Union has circulated a 72 billion-euros ($84.12 billion) list of US goods, including Boeing aircraft, automobiles, and bourbon, that could face retaliatory tariffs if trade talks with the US fail, multiple outlets reported Tuesday, citing documents seen by the news agencies.

The draft list includes around 65 billion euros in industrial goods such as aircraft, machinery, and vehicles, along with 6 billion euros in agriculture and food products like fruits, vegetables, and alcoholic beverages, news outlets reported.

Boeing and the European Commission did not immediately respond to MT Newswires' request for comment.

Meanwhile, industrial production in May increased 1.7% the euro area and 1.5% in the EU compared with April, according to first estimates from Eurostat, the EU's statistical office. Compared with May 2024, industrial production increased 3.7% in the euro area and 3.4% in the EU.

In Germany, the ZEW Indicator of Economic Sentiment rose to 52.7 points in July, up from 47.5 the previous month. The index that assesses the current economic situation increased sharply to 59.5 points from 47.5 points in June.

"After the strong improvements of the past two months, the positive sentiment among respondents is becoming more firmly established," ZEW President Achim Wambach said in a statement. "Despite ongoing uncertainty due to global trade conflicts, nearly two-thirds of the experts expect the German economy to improve."

In Spain, annual inflation rose to 2.3% in June, up from 2.0% in May. The annual core inflation rate remained unchanged over the month at 2.2%.

And in corporate news, shares of Barratt Redrow dropped more than 9% on the FTSE 100 after the real estate company reported in its fiscal year 2025 trading update Tuesday that it sold about 1,400 fewer homes than in fiscal 2024. It also said that it saw cost synergies of 69 million pounds ($92.4 million), compared with its target of at least 100 million pounds.

UK-based mining company Rio Tinto said Tuesday that it has appointed Simon Trott as chief executive, effective Aug. 25. He succeeds Jakob Stausholm, who will step down as CEO and from the board of directors, the company said.

Shares of Rio Tinto declined 1.8% in London trading.

Shares of Swedish telecommunications company Ericsson closed 7.7% lower in Stockholm after it reported Q2 earnings Tuesday of 1.37 Swedish krona ($0.14) per diluted share, swinging from a loss of 3.34 krona a year earlier. Analysts polled by FactSet expected EPS of 1.10 krona.

Net sales for the quarter ended June 30 were 56.13 billion krona, down from 59.85 billion krona a year earlier. Analysts surveyed by FactSet expected 59.11 billion krona.

GSK said Tuesday that the US Food and Drug Administration published documents related to a potential approval of the company's blood cancer drug, Bloomberg reported.

Shares of the British pharmaceutical company closed 1.5% lower in London.