Investing.com – European stocks were down after the open on Tuesday, as shares in the financial sector led markets lower while U.S. futures indexes pointed to a lower open on Wall Street.
During European morning trade, the EURO STOXX 50 was down 0.59%; France’s CAC 40 fell 0.73%; while Germany's DAX shed 0.22%.
In earnings news, Swiss bank UBS saw shares plunge 5.18% despite seeing third-quarter net profit rise to CHF 1.66 billion, after the bank reported that profits from its investment-banking department rose less-than-expected.
Elsewhere in the financial sector, shares in German lender Deutsche Bank tumbled 1.84%, Barclays saw shares fall 1.67%, while shares in Spanish lender Banco Santander declined 1.39%.
Meanwhile, shares in the world’s largest steel producer ArcelorMittal plummeted 5.46% despite better-than-expected net income and higher sales in the third-quarter. The company said its outlook for the fourth-quarter “remains cautious” due to “higher costs of materials” and “lower steel selling prices”.
In London, the commodity-heavy FTSE 100 was down 0.85% as shares in the commodity sector slumped amid retreating crude oil and metal prices. Shares in the world’s largest mining group BHP Billiton tumbled 1.93%, copper producers Xstrata saw shares plunge 2.36%.
Meanwhile, Cairn Energy saw shares plummet 6.43% after the oil and gas producer said that it would write off approximately USD 185 million in costs after failing to make commercial discoveries at two wells in Greenland.
The outlook for U.S. equity markets, meanwhile, was downbeat ahead of earnings reports from biopharmaceutical giant Bristol-Myers Squibb and semiconductor manufacturer Broadcom.
The Dow Jones Industrial Average futures indicated a loss of 0.14%, S&P 500 futures pointed to a decrease of 0.21% and Nasdaq 100 futures indicated a drop of 0.20%.
Later in the day, the U.S. was to release industry data on consumer confidence and house prices as well as official data on manufacturing.
During European morning trade, the EURO STOXX 50 was down 0.59%; France’s CAC 40 fell 0.73%; while Germany's DAX shed 0.22%.
In earnings news, Swiss bank UBS saw shares plunge 5.18% despite seeing third-quarter net profit rise to CHF 1.66 billion, after the bank reported that profits from its investment-banking department rose less-than-expected.
Elsewhere in the financial sector, shares in German lender Deutsche Bank tumbled 1.84%, Barclays saw shares fall 1.67%, while shares in Spanish lender Banco Santander declined 1.39%.
Meanwhile, shares in the world’s largest steel producer ArcelorMittal plummeted 5.46% despite better-than-expected net income and higher sales in the third-quarter. The company said its outlook for the fourth-quarter “remains cautious” due to “higher costs of materials” and “lower steel selling prices”.
In London, the commodity-heavy FTSE 100 was down 0.85% as shares in the commodity sector slumped amid retreating crude oil and metal prices. Shares in the world’s largest mining group BHP Billiton tumbled 1.93%, copper producers Xstrata saw shares plunge 2.36%.
Meanwhile, Cairn Energy saw shares plummet 6.43% after the oil and gas producer said that it would write off approximately USD 185 million in costs after failing to make commercial discoveries at two wells in Greenland.
The outlook for U.S. equity markets, meanwhile, was downbeat ahead of earnings reports from biopharmaceutical giant Bristol-Myers Squibb and semiconductor manufacturer Broadcom.
The Dow Jones Industrial Average futures indicated a loss of 0.14%, S&P 500 futures pointed to a decrease of 0.21% and Nasdaq 100 futures indicated a drop of 0.20%.
Later in the day, the U.S. was to release industry data on consumer confidence and house prices as well as official data on manufacturing.