Jeweler Pandora's sales warning leads Europe lower

European shares dipped slightly on Tuesday, a day after hitting their highest levels since 2015, with a sales warning from Danish jewelry maker Pandora dragging on the benchmark index.

The pan-European STOXX 600 index fell 0.1%, although declines were capped by a positive tone around U.S.-China trade talks. Pandora fell to the bottom of the index, with a 12% slide, as it warned of a steeper-than-expected fall in sales this year.

The telecoms index fell 0.9%, hurt by a 2% fall in shares of Spanish telecoms group Telefonica after it posted quarterly profit below analysts' forecast. Tariff-hit miners gained the most among the major European sub-sectors after reports that China was pushing U.S. President Donald Trump to rollback more tariffs imposed in September as part of a "phase one" trade deal.