Investing.com – European stocks were down on Tuesday, while U.S. futures indices pointed to a lower open on Wall Street ahead of a meeting of U.S. Federal Reserve policy makers.
During European afternoon trade, the EURO STOXX 50 was down 0.45%; France’s CAC 40 shed 0.60% while Germany's DAX fell 0.60%.
In France, shares in French utility provider GDF Suez were down 0.39% after the company announced a partial merger with U.K. energy company, International Power, to create one of the world's biggest electricity generators.
Meanwhile shares in the InterContinental Hotels Group fell 4.54% after the company said that while second-quarter revenues rose the economic outlook remained uncertain.
Elsewhere, shares of U.K. tour operator TUI Travel plunged 9.40% after the company posted a 9-month net loss of GBP 409 million and revised down full-year expectations.
In London, the commodity heavy FTSE 100 lost 0.38% as miners declined amid fears over decreased demand from China after official data showed the rate of growth in the world's third largest economy is moderating.
Shares in Rio Tinto, the world’s third largest mining company, fell 0.42% while shares in Xstrata tumbled 2.76%.
The outlook for U.S. equity markets, meanwhile, was pessimistic ahead of earnings reports from Walt Disney, JA Solar Holdings and Semiconductor Manufacturing.
Dow Jones Industrial Average futures indicated a loss of 0.55%, S&P 500 futures pointed to a drop of 0.54% and Nasdaq 100 futures indicated a decrease of 0.48%.
Later in the day, Fed policy makers were to meet ahead of the banks interest rate announcement. Recent weak U.S. economic data gave rise to speculation that the bank would introduce fresh measures to stimulate U.S. growth.
During European afternoon trade, the EURO STOXX 50 was down 0.45%; France’s CAC 40 shed 0.60% while Germany's DAX fell 0.60%.
In France, shares in French utility provider GDF Suez were down 0.39% after the company announced a partial merger with U.K. energy company, International Power, to create one of the world's biggest electricity generators.
Meanwhile shares in the InterContinental Hotels Group fell 4.54% after the company said that while second-quarter revenues rose the economic outlook remained uncertain.
Elsewhere, shares of U.K. tour operator TUI Travel plunged 9.40% after the company posted a 9-month net loss of GBP 409 million and revised down full-year expectations.
In London, the commodity heavy FTSE 100 lost 0.38% as miners declined amid fears over decreased demand from China after official data showed the rate of growth in the world's third largest economy is moderating.
Shares in Rio Tinto, the world’s third largest mining company, fell 0.42% while shares in Xstrata tumbled 2.76%.
The outlook for U.S. equity markets, meanwhile, was pessimistic ahead of earnings reports from Walt Disney, JA Solar Holdings and Semiconductor Manufacturing.
Dow Jones Industrial Average futures indicated a loss of 0.55%, S&P 500 futures pointed to a drop of 0.54% and Nasdaq 100 futures indicated a decrease of 0.48%.
Later in the day, Fed policy makers were to meet ahead of the banks interest rate announcement. Recent weak U.S. economic data gave rise to speculation that the bank would introduce fresh measures to stimulate U.S. growth.