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European stocks closed slightly lower Tuesday as investors reacted to a slew of corporate earnings, after positive manufacturing data around the world drove stocks higher to start the week.

The pan-European Stoxx 600 provisionally closed down by nearly 0.2%, with health care stocks tumbling 1.3% to lead losses while oil and gas stocks climbed 2.4%.

BP reported a $6.7 billion second-quarter loss before the bell on Monday and cut its dividend after downgrading the value of some of its assets on expectations of lower commodity prices. The British oil and gas giant saw its shares gain around 6.5%