Investing.com - European stocks turned broadly lower in light trade on Monday, as markets were jittery amid ongoing speculation over whether the Federal Reserve will soon scale back its bond-buying program.
During European afternoon trade, the EURO STOXX 50 fell 0.26%, France’s CAC 40 shed 0.21%, while Germany’s DAX 30 dropped 0.48%.
Markets were jittery after the latest U.S. jobs report on August 2 showed that the economy added fewer jobs than expected in July.
The disappointing data saw investors reassess expectations for when the U.S. central bank would start to taper its asset purchase program.
Investors were looking ahead to Tuesday’s retail sales report, as well as speeches by senior Fed officials later in the week.
Financial stocks turned lower, as French lenders BNP Paribas and Societe Generale fell 0.01% and 0.38%, while Germany's Deutsche Bank tumbled 1.04%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA retreated 0.72% and 0.71% respectively, while Italy's Intesa Sanpaolo tumbled 0.94% and Unicredit dipped 0.01%.
On the upside, Bilfinger surged 2.36% after the German company predicted a "significantly" stronger second half and reported second-quarter net income of EUR47 million, in line with analysts' estimates.
In London, commodity-heavy FTSE 100 slipped 0.28%, supported by gains in mining stocks.
Randgold Resources and Polymetal rallied 2.74% and 2.91% respectively, while Fresnillo gained 3.09% and Evraz soared 7.75%.
Financial stocks also remained mostly higher, as shares in Lloyds Banking added 0.24%, while HSBC Holdings rose 0.66% and the Royal Bank of Scotland surged 2.14%. Barclays underperformed on the other hand, down 0.62%.
Elsewhere, insurance company Catlin advanced 2.91%, as HSBC raised the stock to overweight from neutral.
In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a 0.43% loss, S&P 500 futures signaled a 0.54% decline, while the Nasdaq 100 futures indicated a 0.50% drop.
During European afternoon trade, the EURO STOXX 50 fell 0.26%, France’s CAC 40 shed 0.21%, while Germany’s DAX 30 dropped 0.48%.
Markets were jittery after the latest U.S. jobs report on August 2 showed that the economy added fewer jobs than expected in July.
The disappointing data saw investors reassess expectations for when the U.S. central bank would start to taper its asset purchase program.
Investors were looking ahead to Tuesday’s retail sales report, as well as speeches by senior Fed officials later in the week.
Financial stocks turned lower, as French lenders BNP Paribas and Societe Generale fell 0.01% and 0.38%, while Germany's Deutsche Bank tumbled 1.04%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA retreated 0.72% and 0.71% respectively, while Italy's Intesa Sanpaolo tumbled 0.94% and Unicredit dipped 0.01%.
On the upside, Bilfinger surged 2.36% after the German company predicted a "significantly" stronger second half and reported second-quarter net income of EUR47 million, in line with analysts' estimates.
In London, commodity-heavy FTSE 100 slipped 0.28%, supported by gains in mining stocks.
Randgold Resources and Polymetal rallied 2.74% and 2.91% respectively, while Fresnillo gained 3.09% and Evraz soared 7.75%.
Financial stocks also remained mostly higher, as shares in Lloyds Banking added 0.24%, while HSBC Holdings rose 0.66% and the Royal Bank of Scotland surged 2.14%. Barclays underperformed on the other hand, down 0.62%.
Elsewhere, insurance company Catlin advanced 2.91%, as HSBC raised the stock to overweight from neutral.
In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a 0.43% loss, S&P 500 futures signaled a 0.54% decline, while the Nasdaq 100 futures indicated a 0.50% drop.