European equity markets are bracing for a lower open on Tuesday, extending a global stock selloff as investors react to a range of economic indicators and ongoing concerns over rising inflation. The decline in the European markets comes in the wake of rising Treasury yields, which have been a significant factor in unsettling investors globally. Higher oil prices further exacerbate inflationary concerns, leading to a cautious approach among market participants.

In China, a post-holiday rally lost momentum as authorities announced that there would be no new major stimulus plans during a highly anticipated economic briefing. This news dampened investor enthusiasm, contributing to the overall decline in global markets.

As European investors prepare for the trading day, they will closely monitor economic data releases, particularly from Germany and France. The German industrial production data and French trade balance figures for August will be key indicators that could influence market sentiment and trading decisions.

In premarket trade, futures for the EURO STOXX 50 and STOXX 600 were both trending downward, showing declines of 0.8% and 0.7%, respectively. These movements indicate a bearish sentiment as investors navigate through the current economic landscape filled with uncertainty.

As the trading session unfolds, investors will keep a close eye on market developments and economic indicators, which are expected to shape the trajectory of European equities in the near term.

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