Investing.com – European stocks edged lower on Tuesday, after data showed that German economic sentiment sank in September and ahead of the release of key U.S. economic data. U.S. futures indexes also pointed lower.
During European afternoon trade, the EURO STOXX 50 shed 0.32%; France’s CAC 40 fell 0.21% and Germany's DAX lost 0.15%.
Earlier in the day, the ZEW Centre for Economic Research said that its index of German economic sentiment fell to -4.3 in September, after rising to 14 in August.
Analysts had expected the index to decline to 10.7 in September.
Meanwhile, a separate report showed that industrial production in the euro zone was flat in July, after falling by a revised 0.2% in June.
Analysts had expected industrial production to increase 0.2% in July.
In the financial sector, lenders moved lower, as optimism in the wake of the Basil Committee's agreement on new banking regulations waned. Shares in Paris based bank BNP Paribas shed 0.04% while shares in U.K. lender Barclay's fell 0.34%.
In London, the commodity heavy FTSE 100 was down 0.17% after shares in copper miners Xstrata tumbled 1.11% as copper prices retreated.
Earlier in the day, official data showed that consumer price inflation in the U.K. was unchanged in August.
The outlook for U.S. equity markets, meanwhile, was pessimistic: Dow Jones Industrial Average futures indicated a fall of 0.29%, S&P 500 futures pointed to a drop of 0.35% and Nasdaq 100 futures indicated a loss of 0.44%.
Later in the day, the U.S. was to release official data on retail sales.
During European afternoon trade, the EURO STOXX 50 shed 0.32%; France’s CAC 40 fell 0.21% and Germany's DAX lost 0.15%.
Earlier in the day, the ZEW Centre for Economic Research said that its index of German economic sentiment fell to -4.3 in September, after rising to 14 in August.
Analysts had expected the index to decline to 10.7 in September.
Meanwhile, a separate report showed that industrial production in the euro zone was flat in July, after falling by a revised 0.2% in June.
Analysts had expected industrial production to increase 0.2% in July.
In the financial sector, lenders moved lower, as optimism in the wake of the Basil Committee's agreement on new banking regulations waned. Shares in Paris based bank BNP Paribas shed 0.04% while shares in U.K. lender Barclay's fell 0.34%.
In London, the commodity heavy FTSE 100 was down 0.17% after shares in copper miners Xstrata tumbled 1.11% as copper prices retreated.
Earlier in the day, official data showed that consumer price inflation in the U.K. was unchanged in August.
The outlook for U.S. equity markets, meanwhile, was pessimistic: Dow Jones Industrial Average futures indicated a fall of 0.29%, S&P 500 futures pointed to a drop of 0.35% and Nasdaq 100 futures indicated a loss of 0.44%.
Later in the day, the U.S. was to release official data on retail sales.