The STOXX 50 pared earlier losses to trade at 5,310 on Tuesday, still marking its lowest level since May 8 but recovering from a sharper 1.1% drop earlier in the session after weaker-than-expected Eurozone inflation data reinforced expectations for a 25 basis point rate cut by the ECB later this week. Meanwhile, global growth concerns weighed on sentiment after the OECD cut its outlook, projecting world GDP to slow from 3.3% in 2024 to 2.9% in both 2025 and 2026, citing escalating trade tensions. Adding to market jitters, political instability in the Netherlands deepened as the government collapsed over immigration policy disagreements. In corporate news, healthcare real estate firms Aedifica and Cofinimmo announced a merger, forming the largest healthcare property company in Europe. Meanwhile, British American Tobacco said it expects a return to revenue and profit growth in its U.S. operations this year and raised its annual sales growth target to 1-2%