Investing.com – European stock markets were broadly lower on Tuesday, as shares in automakers led declines, while U.S. futures indexes pointed to a lower open on Wall Street.
During European morning trade, the EURO STOXX 50 slipped 0.35%, France’s CAC 40 shed 0.3%, while Germany's DAX 30 slumped 0.45%.
Shares in European automakers performed poorly amid concerns lagging recoveries in many developed economies would weigh on sales and earnings.
Europe’s largest automaker Volkswagen tumbled 3.2%, rival Daimler saw shares drop 1.65%, while BMW slumped 2.3%. French automakers Renault and Peugeot declined 0.9% and 1% respectively.
Shares of German supermarket operator Metro fell 2.5% after it said its first-quarter net loss narrowed, while sales were flat.
On the upside, shares in semiconductor manufacturer Infineon Technologies climbed 2.7% after it said second quarter net income soared 86% from a year earlier to EUR572 million. Revenue in the quarter rose 27% to EUR994 million.
In London, the FTSE 100 returned to action after a long-holiday weekend edging 0.2% higher as shares in hedge fund manager Man Group jumped 3.2%.
The group announced the successful launch of an open-ended fund in Japan, which has raised USD1.5 billion thus far.
Meanwhile, shares in cigarette maker Imperial Tobacco added 2.1% after Morgan Stanley recommended buying the stock, calling it “the cheapest stock in global tobacco”.
However, shares in raw material producers were broadly lower after oil and metal prices retreated from multi-year highs. Mining giant BHP Billiton saw shares slip 1.05%, silver producer Fresnillo sank 1%, while gold producer Randgold Resources slumped 2.9%.
The outlook for U.S. equity markets, meanwhile, was downbeat ahead of earnings reports from credit card giant Mastercard and media group CBS. Pharmaceutical major Pfizer was also due to release earnings later in the day.
The Dow Jones Industrial Average futures pointed to a decline of 0.21%, S&P 500 futures indicated a drop of 0.25%, while the Nasdaq 100 futures dipped 0.2%
Later in the day, the U.S. was to release government data on factory orders.
During European morning trade, the EURO STOXX 50 slipped 0.35%, France’s CAC 40 shed 0.3%, while Germany's DAX 30 slumped 0.45%.
Shares in European automakers performed poorly amid concerns lagging recoveries in many developed economies would weigh on sales and earnings.
Europe’s largest automaker Volkswagen tumbled 3.2%, rival Daimler saw shares drop 1.65%, while BMW slumped 2.3%. French automakers Renault and Peugeot declined 0.9% and 1% respectively.
Shares of German supermarket operator Metro fell 2.5% after it said its first-quarter net loss narrowed, while sales were flat.
On the upside, shares in semiconductor manufacturer Infineon Technologies climbed 2.7% after it said second quarter net income soared 86% from a year earlier to EUR572 million. Revenue in the quarter rose 27% to EUR994 million.
In London, the FTSE 100 returned to action after a long-holiday weekend edging 0.2% higher as shares in hedge fund manager Man Group jumped 3.2%.
The group announced the successful launch of an open-ended fund in Japan, which has raised USD1.5 billion thus far.
Meanwhile, shares in cigarette maker Imperial Tobacco added 2.1% after Morgan Stanley recommended buying the stock, calling it “the cheapest stock in global tobacco”.
However, shares in raw material producers were broadly lower after oil and metal prices retreated from multi-year highs. Mining giant BHP Billiton saw shares slip 1.05%, silver producer Fresnillo sank 1%, while gold producer Randgold Resources slumped 2.9%.
The outlook for U.S. equity markets, meanwhile, was downbeat ahead of earnings reports from credit card giant Mastercard and media group CBS. Pharmaceutical major Pfizer was also due to release earnings later in the day.
The Dow Jones Industrial Average futures pointed to a decline of 0.21%, S&P 500 futures indicated a drop of 0.25%, while the Nasdaq 100 futures dipped 0.2%
Later in the day, the U.S. was to release government data on factory orders.