Investing.com - European stocks were lower in choppy trade on Tuesday, despite positive Spanish jobless data, as expectations for a near-term end to the Federal Reserve's stimulus program continued to weigh.
During European morning trade, the EURO STOXX 50 slipped 0.27%, France’s CAC 40 fell 0.28%, while Germany’s DAX 30 declined 0.49%.
Official data showed that the number of unemployed people in Spain fell far more-than-expected in June, declining by 127,200, after a 98,300 drop the previous month.
Analysts had expected the number of unemployed people to fall by 83,500 last month.
Meanwhile, investors were looking ahead to Friday’s U.S. nonfarm payrolls data, for further clues on when the Fed may decide to unwind its USD85 billion-a-month stimulus program.
Financial stocks were mixed. In France, BNP Paribas gained 0.65% and Societe Generale slid 0.36%, while Germany's Deutsche Bank retreated 0.78%.
Among peripheral lenders, Spanish bank Banco Santander climbed 0.45%, while Italy saw Unicredit add 0.15% and Intesa Sanpaolo slip 0.16%.
Elsewhere, Michelin rallied 2.62% after UBS AG recommended buying Europe’s largest tiremaker.
Dialog Semiconductor was also on the upside, surging 3.35% after the German maker of chips used in Apple's iPhone agreed to buy IWatt Inc. for as much as USD345 million.
In London, commodity-heavy FTSE 100 fell 0.13%, despite sharp gains in mining stocks.
Mining giants BHP Billiton and Rio Tinto jumped 1.55% and 3.06% respectively, while Anglo American gained 1.12% and Polymetal soared 5.09%.
Meanwhile, U.K. lenders were mostly lower. Shares in Barclays dipped 0.02% and HSBC Holdings slid 0.32%, while the Royal Bank of Scotland dropped 0.53%. Lloyds Banking overperformed on the other hand, advancing 0.78%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.36% gain, S&P 500 futures signaled a 0.37% rise, while the Nasdaq 100 futures indicated a 0.50% climb.
Later in the day, the U.S. was to produce official data on factory orders.
During European morning trade, the EURO STOXX 50 slipped 0.27%, France’s CAC 40 fell 0.28%, while Germany’s DAX 30 declined 0.49%.
Official data showed that the number of unemployed people in Spain fell far more-than-expected in June, declining by 127,200, after a 98,300 drop the previous month.
Analysts had expected the number of unemployed people to fall by 83,500 last month.
Meanwhile, investors were looking ahead to Friday’s U.S. nonfarm payrolls data, for further clues on when the Fed may decide to unwind its USD85 billion-a-month stimulus program.
Financial stocks were mixed. In France, BNP Paribas gained 0.65% and Societe Generale slid 0.36%, while Germany's Deutsche Bank retreated 0.78%.
Among peripheral lenders, Spanish bank Banco Santander climbed 0.45%, while Italy saw Unicredit add 0.15% and Intesa Sanpaolo slip 0.16%.
Elsewhere, Michelin rallied 2.62% after UBS AG recommended buying Europe’s largest tiremaker.
Dialog Semiconductor was also on the upside, surging 3.35% after the German maker of chips used in Apple's iPhone agreed to buy IWatt Inc. for as much as USD345 million.
In London, commodity-heavy FTSE 100 fell 0.13%, despite sharp gains in mining stocks.
Mining giants BHP Billiton and Rio Tinto jumped 1.55% and 3.06% respectively, while Anglo American gained 1.12% and Polymetal soared 5.09%.
Meanwhile, U.K. lenders were mostly lower. Shares in Barclays dipped 0.02% and HSBC Holdings slid 0.32%, while the Royal Bank of Scotland dropped 0.53%. Lloyds Banking overperformed on the other hand, advancing 0.78%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.36% gain, S&P 500 futures signaled a 0.37% rise, while the Nasdaq 100 futures indicated a 0.50% climb.
Later in the day, the U.S. was to produce official data on factory orders.