Investing.com – European stocks ended lower on Tuesday, as declines in commodity and financial sector shares were offset by gains in automakers, while investors awaited the release of minutes from the Federal Reserve’s most recent policy setting meeting.
At the close of European trade, the EURO STOXX 50 was down 0.42%; France’s CAC 40 fell 0.42%, while Germany's DAX slipped 0.01%.
Automakers outperformed as shares in German-based Volkswagen AG gained 1.14%, Bayerische Motoren Werke added 0.66%, while Daimler saw its shares soar 3.27%, after its stocks were upgraded to ‘buy’ from ‘neutral’ by investment bank UBS.
Meanwhile, shares in the financial sector retreated ahead of the release of the minutes of the September 21 meeting of the Fed’s Open Market Committee. Shares in German lender Deutsche Bank fell 0.89%, French financial service provider AXA tumbled 1.55%, and Barclays plunged 1.81%.
In London, the FTSE 100 was down 0.07% as commodity-linked shares tumbled amid retreating crude oil and metal prices. Shares in Cairn Energy tumbled 2.58%, miners Xstrata plunged 2.52%, while rivals Kazakhmys plummeted 2.03%.
Across the Atlantic, U.S. markets were mixed: the Dow Jones Industrial Average fell 0.25%, the S&P 500 index shed 0.12%, while the Nasdaq Composite index gained 0.23%.
Later in the day, the Federal Reserve was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.
At the close of European trade, the EURO STOXX 50 was down 0.42%; France’s CAC 40 fell 0.42%, while Germany's DAX slipped 0.01%.
Automakers outperformed as shares in German-based Volkswagen AG gained 1.14%, Bayerische Motoren Werke added 0.66%, while Daimler saw its shares soar 3.27%, after its stocks were upgraded to ‘buy’ from ‘neutral’ by investment bank UBS.
Meanwhile, shares in the financial sector retreated ahead of the release of the minutes of the September 21 meeting of the Fed’s Open Market Committee. Shares in German lender Deutsche Bank fell 0.89%, French financial service provider AXA tumbled 1.55%, and Barclays plunged 1.81%.
In London, the FTSE 100 was down 0.07% as commodity-linked shares tumbled amid retreating crude oil and metal prices. Shares in Cairn Energy tumbled 2.58%, miners Xstrata plunged 2.52%, while rivals Kazakhmys plummeted 2.03%.
Across the Atlantic, U.S. markets were mixed: the Dow Jones Industrial Average fell 0.25%, the S&P 500 index shed 0.12%, while the Nasdaq Composite index gained 0.23%.
Later in the day, the Federal Reserve was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.