European stocks fell as investors assess risks around US debt ‎deal

European stocks fell today, Tuesday, affected by uncertainty in Congress’ approval of the US debt ceiling agreement to avoid the country’s catastrophic default.

According to “Reuters”, the European Stoxx 600 index fell 0.2 percent by 0716 GMT, amid expectations of gaining momentum with the reopening of the United States and Britain markets after a holiday.

Some Republican lawmakers said on Monday that they would oppose an agreement to raise the $31.4 trillion U.S. debt ceiling, indicating that congressional approval of the agreement may be difficult before the government runs out of funds next week.

Nestle shares fell 0.8 percent after the Swiss food group said it had appointed Anna Manz, chief financial officer of the London Stock Exchanges Group, as its new chief financial officer.

Unilever shares fell 0.6% after the consumer goods giant said its chief financial officer would leave by the end of May 2024.

Around Town shares fell about 2 percent to a record low after the German real estate company published first-quarter results.