12:15 PM EDT, 06/04/2024 (MT Newswires) -- European stock markets closed mostly lower in Tuesday trading as the Stoxx Europe 600 was down 0.54%, France's CAC dropped 0.75%, the FTSE in London was off 0.37%, and Germany's DAX dropped 1.09%, while the Swiss Market Index gained 0.02%.

In Germany, approximately 45.8 million people residing in the country were employed in April, a 0.1% increase from the previous month, according to preliminary data from the German Federal Statistical Office. The number of people employed increased 0.2% from a year earlier.

In Switzerland, the consumer price index increased 0.3% in May compared with the previous month, and rose 1.4% compared with the same month last year, according to the Swiss Federal Statistical Office.

In Ireland, the seasonally adjusted AIB Ireland Manufacturing PMI rose to 49.8 in May from a nine-month low of 47.6 in April. Despite the gain, it was the third straight month of deteriorating operating conditions.

And in corporate news, Stellantis may drop some of its suppliers and manufacture car parts itself in a bid to cut costs, Bloomberg News reported Tuesday, citing Chief Executive Carlos Tavares. Shares of the European automaker were down % on the CAC in Paris.

British homebuilder Vistry said Tuesday that it has signed a deal with US private equity firm Blackstone's real estate business Regis to construct about 1,750 new homes for approximately 580 million British pounds ($740.2 million).

Irish-American biopharmaceutical company Amarin said Tuesday that it has named Aaron Berg as its president and chief executive to succeed Patrick Holt, who resigned from the posts to pursue other opportunities. Berg previously served as an executive vice president of Amarin and the president of its US business, the company said.

Meanwhile, bank, mining, and oil stocks slumped in Tuesday's trading.

Financial services company Standard Chartered fell 5.3% on the FTSE, followed by NatWest and Barclays, which dropped 1.9% each. Commerzbank and Deutsche Bank closed 2.6% and 2.1% lower, respectively, on the DAX, while Societe Generale and BNP Paribas were down 2% and 1.8%, respectively, in Paris.

Mining companies Fresnillo and Anglo American fell 7.8% and 4%, respectively, in London, followed by Antofagasta and Glencore, which dropped 3.6% and 2.7% respectively, while ArclelorMittal closed 2.2% lower in Paris.

And oil and gas giants BP and Shell declined 3.8% and 2.1% respectively in London, while TotalEnergies closed 2.4% lower in Paris, and Siemens Energy lost 6.1% in Frankfurt.