Investing.com - European markets opened mostly lower on Tuesday, after recovering from sharp losses in the previous session as investors focused on fresh corporate earnings reports.
The EURO STOXX 50 declined 0.60%, France’s CAC 40 fell 0.28%, while Germany’s DAX 30 was down 0.38% by 03:35 a.m. ET (07:35 GMT).
European equity markets regained some strength on Monday, helped by Wall Street's Friday rally. U.S. markets were also boosted by news on Monday of a $200 billion infrastructure plan by the Trump administration.
The plan is part of the two-year budget agreement passed by the U.S. Congress last Friday, ending a brief government shutdown.
Financial stocks were mixed, as BNP Paribas (PA:BNPP) dipped 0.03% and Societe Generale (PA:SOGN) gained 0.31% in France, while Deutsche Bank (DE:DBKGn) slipped 0.14% and Commerzbank (DE:CBKG) jumped 1.22% in Germany.
Among peripheral lenders, Italy's Intesa Sanpaolo (MI:ISP) and Unicredit (MI:CRDI) declined 0.72% and 1.08% respectively, while Spanish banks BBVA (MC:BBVA) and Banco Santander (MC:SAN) retreated 0.45% and 0.52%.
In earnings news, Randstad Holding NV (AS:RAND) reported a 15% increase in fourth-quarter core profit to €307 million euros, sending shares in the staffing company up 2.08%.
Shares in Michelin (PA:MICP) tumbled 1.52% after the French tiremaker reported higher profits for 2017 but warned of a likely hit due to foreign exchange movements.
In London, FTSE 100 inched up 0.03%, helped bu Tui AG NA (LON:TUIT), whose shares surged 2.33% after the travel company said that turnover for the first quarter climbed by 8.1% year-over-year.
The shares were closely followed by Smiths Group (LON:SMIN), up 1.02% following news research analysts at Barclays (LON:BARC) started coverage on the stock with an “overweight” rating.
Mining stocks added to gains on the commodity-heavy index. Rio Tinto (LON:RIO) and BHP Billiton (LON:BLT) climbed 0.45% and 0.55% respectively, while Anglo American (LON:AAL) advanced 1.15% and Glencore (LON:GLEN) rallied 1.23%.
In the financial sector, stocks were steady to lower. Shares Lloyds Banking (LON:LLOY) eased up 0.03% and HSBC Holdings (LON:HSBA) dipped 0.07%, while Barclays and the Royal Bank of Scotland (LON:RBS) both fell 0.11%.
In the U.S., equity markets pointed to a lower open. The Dow Jones Industrial Average futures pointed to a 0.68% slide, S&P 500 futures signaled a 0.61% drop, while the Nasdaq 100 futures indicated a 0.52% decline.