Investing.com – European stocks were down on Tuesday, as financials and commodity-linked shares led markets lower; meanwhile U.S. futures indexes pointed to a lower open on Wall Street ahead of the release of the minutes of the September 21st meeting of the Federal Reserve Open Market Committee.
During European morning trade, the EURO STOXX 50 tumbled 1.10%; France’s CAC 40 slumped 1.40%; and Germany's DAX shed 0.60%.
Financial stocks underperformed, with banks leading declines, as shares in Italian lender Unicredit tumbled 1.33%, French bank BNP Paribas slid 1.20% and Banco Santander shares fell 1.07%.
In the energy sector, shares in French-based natural gas supplier GDF Suez plunged 2.70%, Electricite de France stocks tumbled 2.53%, while German power and gas company E.On AG saw its shares fall 1.26%.
In London, the FTSE 100 was down 0.87% as commodity-linked shares declined amid retreating metal and crude oil prices. Shares in the world’s largest miners BHP Billiton plunged 2.05%, rivals Xstrata tumbled 2.42%, while oil giant British Petroleum fell 1.39%.
The outlook for U.S. equity markets, meanwhile, was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.59%, S&P 500 futures pointed to a decline of 0.71% and Nasdaq 100 futures indicated a loss of 0.63%.
Later in the day, the Fed was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.
During European morning trade, the EURO STOXX 50 tumbled 1.10%; France’s CAC 40 slumped 1.40%; and Germany's DAX shed 0.60%.
Financial stocks underperformed, with banks leading declines, as shares in Italian lender Unicredit tumbled 1.33%, French bank BNP Paribas slid 1.20% and Banco Santander shares fell 1.07%.
In the energy sector, shares in French-based natural gas supplier GDF Suez plunged 2.70%, Electricite de France stocks tumbled 2.53%, while German power and gas company E.On AG saw its shares fall 1.26%.
In London, the FTSE 100 was down 0.87% as commodity-linked shares declined amid retreating metal and crude oil prices. Shares in the world’s largest miners BHP Billiton plunged 2.05%, rivals Xstrata tumbled 2.42%, while oil giant British Petroleum fell 1.39%.
The outlook for U.S. equity markets, meanwhile, was downbeat: Dow Jones Industrial Average futures indicated a drop of 0.59%, S&P 500 futures pointed to a decline of 0.71% and Nasdaq 100 futures indicated a loss of 0.63%.
Later in the day, the Fed was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.