Investing.com – European stocks were lower on Wednesday, amid losses in the energy and financial sectors, as global recovery fears continued to weigh, while U.S. futures indexes pointed lower.
During European morning trade, the EURO STOXX 50 declined 0.46%; France’s CAC 40 shed 0.57% while Germany's DAX fell 0.31%.
Earlier in the day, data showed that German business confidence rose unexpectedly in August.
In the financial sector, French lenders BNP Paribas fell 0.24% and Societe Generale shed 0.59%. Shares in U.K. lender Barclays slipped 0.50%.
Ireland's ISEQ was up 0.90% despite Standard and Poor's decision late Tuesday to downgrade the country's sovereign credit rating. The ISEQ's gains came as shares in Irish bookmaker Paddy Power jumped 6.54% after first-half profits increased 46%.
In London, the FTSE 100 was down 0.40% as shares in U.K. oil producer Tullow Oil plunged 5.86%, after the company warned that projects in Uganda were likely to be delayed.
Meanwhile, shares in Australian miner BHP Billiton, gained 0.08% after the company reported that fiscal-year profits more than doubled to USD 12.72 billion.
The outlook for U.S. equity markets, meanwhile, was downbeat: Dow Jones Industrial Average futures indicated a fall of 0.04%, S&P 500 futures pointed to a decrease of 0.05% and Nasdaq 100 futures indicated a drop of 0.13%.
Later in the day, the U.S. was to produce key data on durable goods orders, as well as data on new home sales.
During European morning trade, the EURO STOXX 50 declined 0.46%; France’s CAC 40 shed 0.57% while Germany's DAX fell 0.31%.
Earlier in the day, data showed that German business confidence rose unexpectedly in August.
In the financial sector, French lenders BNP Paribas fell 0.24% and Societe Generale shed 0.59%. Shares in U.K. lender Barclays slipped 0.50%.
Ireland's ISEQ was up 0.90% despite Standard and Poor's decision late Tuesday to downgrade the country's sovereign credit rating. The ISEQ's gains came as shares in Irish bookmaker Paddy Power jumped 6.54% after first-half profits increased 46%.
In London, the FTSE 100 was down 0.40% as shares in U.K. oil producer Tullow Oil plunged 5.86%, after the company warned that projects in Uganda were likely to be delayed.
Meanwhile, shares in Australian miner BHP Billiton, gained 0.08% after the company reported that fiscal-year profits more than doubled to USD 12.72 billion.
The outlook for U.S. equity markets, meanwhile, was downbeat: Dow Jones Industrial Average futures indicated a fall of 0.04%, S&P 500 futures pointed to a decrease of 0.05% and Nasdaq 100 futures indicated a drop of 0.13%.
Later in the day, the U.S. was to produce key data on durable goods orders, as well as data on new home sales.