Investing.com - European stocks were mixed on Tuesday, as losses in the financial sector weighed and as investors awaited the release of economic sentiment data from Germany.
During European morning trade, the EURO STOXX 50 inched 0.01% lower, France’s CAC 40 added 0.12%, while Germany’s DAX 30 dipped 0.03%.
Financial stocks were broadly lower, as French lenders BNP Paribas (PA:BNPP) and Societe Generale (PA:SOGN) lost 1.02% and 0.67%, while Germany’s Deutsche Bank (DE:DBKGn) plummeted 1.26%.
Among peripheral lenders, Italy’s Intesa Sanpaolo (MI:ISP) and Unicredit (MI:CRDI) declined 0.89% and 1.03% respectively, while Spanish banks BBVA (MC:BBVA) and Banco Santander (MC:SAN) slid 0.38% and 0.25%.
Meanwhile, the energy sector was mixed amid sliding oil prices, as French oil and gas major Total SA (PA:TOTF) climbed 0.56% and Russia’s Gazprom (MCX:GAZP) gained 0.36%, while Italy’s ENI (MI:ENI) dropped 0.66% and Norwegian rival Statoil (OL:STL) tumbled 0.92%.
Elsewhere, Siemens AG (DE:SIEGn) saw shares fall 0.38% following reports the company is considering a bid for a $3.7 billion project in South Africa’s program to generate power from natural gas.
Airbus Group (PA:AIR) added to losses, with shares tumbling 1.67% after the aircraft manufacturer said it plans to slow the assembly rate of its A380 superjumbo to one aircraft per month from 2018.
In London, FTSE 100 edged up 0.17%, led by Burberry Group (LON:BRBY), whose shares surged 2.50% after analysts at Zachs Investment Research upgraded their rating on the stock from “hold” to “buy”.
Mining stocks were also broadly higher on the commodity-heavy index. Shares in Glencore (LON:GLEN) climbed 0.78% and Antofagasta (LON:ANTO) advanced 0.81%, while Rio Tinto (LON:RIO) jumped 1.54%.
Meanwhile, U.K. lenders tracked their European counterparts lower. Barclays (LON:BARC) edged down 0.12% and the Royal Bank of Scotland (LON:RBS) dropped 0.34%, while HSBC Holdings (LON:HSBA) tumbled 1.08%. Lloyds Banking (LON:LLOY) overperformed however, with shares rising 0.25%.
In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a 0.18% fall, S&P 500 futures showed a 0.22% slide, while the Nasdaq 100 futures indicated a 0.19% loss.