Euro falls off five-month peak

European stock indices fell on Tuesday morning on track for the first loss in four sessions away from five-month highs on active profit-taking and correction, as well as concerns about the Chinese economy after China trimmed its growth forecasts this year. 

Dow Jones Stoxx Europe 600 fell 0.1% till 11:19 GMT,the index ended yesterday's session up 0.6%, the third daily gain in a row, and the highest level in five months, after positive news of the United States and China reaching a trade deal agreement.

The Stoxx index slipped slightly on Tuesday morning on active profit-taking and correction and with most major markets and sectors in the negative region.

The commodities sector was the top loser in Europe, with Richemont index falling more than 3% after Bank of America down rated the stock to "poor performance" .

China anounced Tuesday that it was targeting economic growth of 6.0% to 6.5% in 2019, down from the 2018 growth rate of 6.6%, the lowest growth rate for China in nearly three decades.

Standard and Poor's 500 futures fell by more than 0.1%, after the index ended yesterday's session on Wall Street down by 0.4%, due to active profit-taking and correction.

Euro Stoxx 50 fell 0.1%, while France's CAC 40 retreated 0.2%, as Germany's DAX gave up more than 0.1%, 

The Euro-Stoch 50 index fell by 0.1%. In France, the CAC 40 index fell 0.2%. In Germany, the DAX fell more than 0.1%. and nlike the trend british FTSE rose 0.3%.