Investing.com – European stocks were broadly lower on Tuesday but declines were limited by better-than-expected earnings reports form German auto-maker BMW and Deutsche Post DHL.
During European morning trade, the EURO STOXX 50 shed 0.27%; France’s CAC 40 slid 0.26% while Germany's DAX rose 0.09%.
The DAX'S gains came as shares in BMW advanced 4.49% after the company reported that second-quarter net-profit rose to EUR 834 million year-on-year after a 12.5% increase in second-quarter sales.
Meanwhile, Deutsche Post DHL shares gained 2.43% after second quarter net-profits rose 22.7% to EUR 81 million and the company revised up its full-year earnings forecast.
However shares in Sky Deutschland plunged 15.5% after the company posted a second-quarter net loss of EUR 81.9 million.
In London, the FTSE 100 lost 0.39% as miners pared the previous day's sharp gains with BHP Billiton down 0.61%.
The outlook for U.S. equity markets, meanwhile, was downbeat: Dow Jones Industrial Average futures indicated a fall of 0.17%, S&P 500 futures pointed to a loss of 0.20% and Nasdaq 100 futures indicated a decline of 0.17%.
Later in the day, the U.S. was to release key data on pending home sales and personal consumption expenditure.
During European morning trade, the EURO STOXX 50 shed 0.27%; France’s CAC 40 slid 0.26% while Germany's DAX rose 0.09%.
The DAX'S gains came as shares in BMW advanced 4.49% after the company reported that second-quarter net-profit rose to EUR 834 million year-on-year after a 12.5% increase in second-quarter sales.
Meanwhile, Deutsche Post DHL shares gained 2.43% after second quarter net-profits rose 22.7% to EUR 81 million and the company revised up its full-year earnings forecast.
However shares in Sky Deutschland plunged 15.5% after the company posted a second-quarter net loss of EUR 81.9 million.
In London, the FTSE 100 lost 0.39% as miners pared the previous day's sharp gains with BHP Billiton down 0.61%.
The outlook for U.S. equity markets, meanwhile, was downbeat: Dow Jones Industrial Average futures indicated a fall of 0.17%, S&P 500 futures pointed to a loss of 0.20% and Nasdaq 100 futures indicated a decline of 0.17%.
Later in the day, the U.S. was to release key data on pending home sales and personal consumption expenditure.