Investing.com - European stocks were mixed to lower on Tuesday, ahead of the release of euro zone data, as investors continued to eye the outcome of the Federal Reserve's two-day policy meeting on Wednesday.
During European morning trade, the EURO STOXX 50 declined 0.32%, France’s CAC 40 fell 0.31%, while Germany’s DAX 30 slid 0.32%.
Investors remained cautious amid growing expectations that the Federal Reserve will to start to unwind its USD85 billion-a-month bond purchasing program later this year.
In May, Fed Chairman Ben Bernanke said the bank could begin to taper asset purchases if the economy continued to improve.
Financial stocks were broadly lower, as shares in French lenders BNP Paribas and Societe Generale slid 0.34% and 0.19%, while Germany's Deutsche Bank declined 0.34%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA slipped 0.19% and 0.01% respectively, while Italy's Unicredit and Intesa Sanpaolo trended higher on the other hand, adding 0.20% and 0.07%.
Elsewhere, Kabel Deutschland surged 3.98% after saying it received a proposal from cable company Liberty Global. The offer comes after Vodafone Group last week said it has approached the German company about a takeover.
In London, FTSE 100 added 0.13%, supported by gains in the financial sector.
Shares in Barclays added 0.14% and the Royal Bank of Scotland advanced 0.70%, while Lloyds Banking and HSBC Holdings jumped 0.74% and 0.97%.
Meanwhile, mining stocks were on the downside, as Rio Tinto slipped 0.20% and BHP Billiton tumbled 1.05%, while Anglo American edged down 0.20% and Evraz retreated 0.92%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.11% gain, S&P 500 futures signaled a 0.16% rise, while the Nasdaq 100 futures indicated a 0.23% increase.
The ZEW Institute was to release its closely watched report on German economic sentiment later Tuesday, while the U.S. was to release official data on building permits, housing starts and consumer price inflation.
During European morning trade, the EURO STOXX 50 declined 0.32%, France’s CAC 40 fell 0.31%, while Germany’s DAX 30 slid 0.32%.
Investors remained cautious amid growing expectations that the Federal Reserve will to start to unwind its USD85 billion-a-month bond purchasing program later this year.
In May, Fed Chairman Ben Bernanke said the bank could begin to taper asset purchases if the economy continued to improve.
Financial stocks were broadly lower, as shares in French lenders BNP Paribas and Societe Generale slid 0.34% and 0.19%, while Germany's Deutsche Bank declined 0.34%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA slipped 0.19% and 0.01% respectively, while Italy's Unicredit and Intesa Sanpaolo trended higher on the other hand, adding 0.20% and 0.07%.
Elsewhere, Kabel Deutschland surged 3.98% after saying it received a proposal from cable company Liberty Global. The offer comes after Vodafone Group last week said it has approached the German company about a takeover.
In London, FTSE 100 added 0.13%, supported by gains in the financial sector.
Shares in Barclays added 0.14% and the Royal Bank of Scotland advanced 0.70%, while Lloyds Banking and HSBC Holdings jumped 0.74% and 0.97%.
Meanwhile, mining stocks were on the downside, as Rio Tinto slipped 0.20% and BHP Billiton tumbled 1.05%, while Anglo American edged down 0.20% and Evraz retreated 0.92%.
In the U.S., equity markets pointed to a higher open. The Dow Jones Industrial Average futures pointed to a 0.11% gain, S&P 500 futures signaled a 0.16% rise, while the Nasdaq 100 futures indicated a 0.23% increase.
The ZEW Institute was to release its closely watched report on German economic sentiment later Tuesday, while the U.S. was to release official data on building permits, housing starts and consumer price inflation.