European shares hovered around the flatline Tuesday after President Donald Trump signed a historic agreement with North Korean leader Kim Jong Un.
The pan-European Stoxx 600 was flat with most sectors moving into the black. The European benchmark lost some ground from earlier deals weighed down by miners and financials.
The accord between North Korea and the U.S. aims to work toward complete denuclearization and a lasting "peace regime" on the Korean Peninsula. Kim said that their agreement will lead to a "major" change in the world.
Looking at individual stocks, Casino Guichard led the gains in early deals in Europe but it has lost some ground and is currently trading at about 3 percent. This followed news that the firm plans to move ahead with an asset sale worth 1.5 billion euros ($1.77 billion).
Imcd rose about 3.2 percent after announcing it wants to buy U.S. specialty chemical distributor E.T. Horn company, Reuters reported.
Daimler shares were up by 1 percent after it recalled 238,000 vehicles to clarify the legality of unauthorized software, after reports that the company might have used defeated devices in Europe. In France, Carrefour is joining forces with Google to boost its online shopping offer, starting next year, Reuters reported.
Meanwhile, IMF Managing Director Christine Lagarde voiced criticism for Trump's trade policy. "The biggest and darkest cloud that we see is the deterioration in confidence that is prompted by (an) attempt to challenge the way in which trade has been conducted, in which relationships have been handled and in which multilateral organizations have been operating," Lagarde said Monday after the showdown in the G-7 meeting over the weekend.
In terms of data, in the U.K., British workers' wages rose at a slower pace in the three months to April. According to official data, total earnings, including bonuses, saw a jump of 2.5 percent annually, down from 2.6 in March, Reuters reported.