European stocks declined on Tuesday ahead of an important testimony by U.S. Federal Reserve Chair Jerome Powell before a congressional panel. Indivior, which slashed its profit forecast, contributed to the market's downturn, with its shares dropping to around three-year lows.
The pan-European STOXX 600 index fell by 0.3% as of 0707 GMT, with energy stocks leading the losses due to lower oil prices. Conversely, miners saw gains of 0.5% as copper prices experienced a slight increase.
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