Investing.com - European stocks were mixed on Tuesday, as markets digested news of a third bailout deal for Greece and eyed the release of German economic sentiment data later in the day.
During European morning trade, the EURO STOXX 50 fell 0.14%, France’s CAC 40 inched up 0.05%, while Germany’s DAX 30 slid 0.30%.
European equities rallied on Monday after euro zone leaders reached a unanimous agreement on a third bailout deal for Greece, following marathon weekend-long talks.
The Greek parliament must now pass new legislation by Wednesday to raise sales taxes, cut pension payments and enforce automatic spending cuts if the next budget misses its targets before negotiations on a third bailout program can begin.
Parliaments in several euro zone countries will also have to approve any new bailout.
Financial stocks were mixed, as French lenders Societe Generale (PARIS:SOGN) and BNP Paribas (PARIS:BNPP) added 0.05% and 0.23%, while Deutsche Bank (XETRA:DBKGn) gained 0.73% and Commerzbank (XETRA:CBKG) slid 0.48% in Germany.
Among peripheral lenders, Intesa Sanpaolo (MILAN:ISP) rose 0.20% and Unicredit (MILAN:CRDI) dropped 0.44% in Italy, while Spanish banks BBVA (MADRID:BBVA) and Banco Santander (MADRID:SAN) held steady, both inching up 0.01%.
Elsewhere, Kuehne & Nagel (SIX:KNIN) surged 3.48% after the Swiss sea-freight forwarder posted higher-than-expected second-quarter earnings.
In London, commodity-heavy FTSE 100 slipped 0.12%, weighed by losses in the mining sector.
Shares in Rio Tinto (LONDON:RIO) fell 0.21% and Glencore Xstrata (LONDON:GLEN) slid 0.58%, while rivals Antofagasta (LONDON:ANTO) and Bhp Billiton (LONDON:BLT) declined 0.67% and 0.92% respectively.
Financial stocks were also mostly lower, as Lloyds Banking (LONDON:LLOY) edged down 0.14% and the Royal Bank of Scotland (LONDON:RBS) dropped 0.40%, while HSBC Holdings (LONDON:HSBA) retreated 0.67%. Barclays (LONDON:BARC) overperformed on the other hand, rising 0.38%.
Meanwhile, Sky Plc (LONDON:SKYB) led gains on the index, with shares rallying 1.76% after Deutsche Bank upgraded the stock to a "buy" rating on Tuesday.
In the U.S., equity markets pointed to a steady to lower open. The Dow Jones Industrial Average futures pointed to a 0.09% fall, S&P 500 futures signaled a 0.12% loss, while the Nasdaq 100 futures indicated a 0.02% uptick.