FX.co ★ European Shares Decline Amid Rising US Treasury Yields

European stocks edged lower on Tuesday, influenced by an increase in U.S. Treasury yields following a U.S. Supreme Court decision granting former President Donald Trump immunity from federal prosecution for official actions taken during his presidency.

This landmark ruling, coming in the midst of an election season, has fueled speculation about the potential for another Trump presidency, especially after incumbent Joe Biden's lackluster debate performance last week.

In economic news, headline inflation in the euro area decreased to 2.5 percent in June, according to the European Union's statistics agency, aligning with market expectations.

The Eurozone's unemployment rate remained steady at 6.4 percent in May, unchanged from April’s level, as reported by Eurostat.

The pan-European STOXX 600 index dropped 0.5 percent to 510.57, following a 0.3 percent rise on Monday.

Germany’s DAX declined by 0.8 percent, France’s CAC 40 decreased by 0.5 percent, and the U.K.’s FTSE 100 slipped by 0.2 percent.

Ryanair Holdings dipped around 1 percent in Dublin despite the budget airline reporting record passenger numbers for June.

J Sainsbury saw its stock fall by 2.2 percent in London after the supermarket chain indicated that adverse weather conditions had negatively impacted recent volume growth.

In Paris, food services and facilities management company Sodexo S.A. plunged 5.4 percent following Q3 sales that fell short of expectations.