Investing.com – European stocks were mixed on Thursday, as losses in the financial sector overshadowed advances in the commodity sector, while U.S. futures indexes pointed to a lower open on Wall Street.
During European morning trade, the EURO STOXX 50 fell 0.33%; France’s CAC 40 declined 0.24%; while Germany's DAX gained 0.14%.
Shares in the financial sector weighed on markets ahead of the Group of 20 world economic summit in Seoul.
Shares in Italy’s largest lender Unicredit tumbled 2.25%, Germany’s largest bank Deutsche Bank saw shares fall 1.59%, while shares in the Royal Bank of Scotland plunged 3.75% amid concerns that stricter global banking regulations would be implemented following the G-20 meeting.
Meanwhile, shares in France’s third-largest lender Credit Agricole tumbled 2.40% after the European Commision approved the purchase of 172 bank branches from Italian financial service provider Intesa Sanpaolo for approximately EUR 740 million. Shares in Intesa Sanpaolo plunged 3.48% following the news.
But shares in German industrial conglomerate Siemens soared 2.86% after it said that its fiscal fourth-quarter loss narrowed to EUR 467 million, compared to a loss of EUR 1.3 billion a year earlier. The company said that revenue in the fourth-quarter rose to EUR 21.23 billion, up from EUR 19.71 billion a year earlier, as new orders increased by 25%.
In London, the commodity-heavy FTSE 100 was up 0.08% as shares in the mining sector performed strongly amid rising metal prices.
Shares in the world’s largest mining group BHP Billiton gained 1.01%, rivals Antofagasta saw shares jump 4.48%, while shares in Xstrata, the world’s fourth-largest copper producer soared 5.41% after copper prices hit an all-time high.
The outlook for U.S. equity markets, meanwhile, was downbeat: The Dow Jones Industrial Average futures pointed to a loss of 0.23%, S&P 500 futures were down 0.33% and the Nasdaq 100 futures indicated a decline of 0.68%.
Trading in U.S. markets was expected to be thin due to observance of Veterans Day.
During European morning trade, the EURO STOXX 50 fell 0.33%; France’s CAC 40 declined 0.24%; while Germany's DAX gained 0.14%.
Shares in the financial sector weighed on markets ahead of the Group of 20 world economic summit in Seoul.
Shares in Italy’s largest lender Unicredit tumbled 2.25%, Germany’s largest bank Deutsche Bank saw shares fall 1.59%, while shares in the Royal Bank of Scotland plunged 3.75% amid concerns that stricter global banking regulations would be implemented following the G-20 meeting.
Meanwhile, shares in France’s third-largest lender Credit Agricole tumbled 2.40% after the European Commision approved the purchase of 172 bank branches from Italian financial service provider Intesa Sanpaolo for approximately EUR 740 million. Shares in Intesa Sanpaolo plunged 3.48% following the news.
But shares in German industrial conglomerate Siemens soared 2.86% after it said that its fiscal fourth-quarter loss narrowed to EUR 467 million, compared to a loss of EUR 1.3 billion a year earlier. The company said that revenue in the fourth-quarter rose to EUR 21.23 billion, up from EUR 19.71 billion a year earlier, as new orders increased by 25%.
In London, the commodity-heavy FTSE 100 was up 0.08% as shares in the mining sector performed strongly amid rising metal prices.
Shares in the world’s largest mining group BHP Billiton gained 1.01%, rivals Antofagasta saw shares jump 4.48%, while shares in Xstrata, the world’s fourth-largest copper producer soared 5.41% after copper prices hit an all-time high.
The outlook for U.S. equity markets, meanwhile, was downbeat: The Dow Jones Industrial Average futures pointed to a loss of 0.23%, S&P 500 futures were down 0.33% and the Nasdaq 100 futures indicated a decline of 0.68%.
Trading in U.S. markets was expected to be thin due to observance of Veterans Day.