Investing.com – European stocks eased down after the open on Monday, as shares in electronics manufacturer Philips tumbled; meanwhile U.S. futures indexes pointed to a lower open on Wall Street.
During European morning trade, the EURO STOXX 50 was down 0.16%; France’s CAC 40 shed 0.27%; and Germany's DAX fell 0.08%.
Philips Electronics saw shares tumble 4.12%, after the company said its outlook for fourth quarter sales remained “cautious”, despite posting better-than-expected third quarter net profits.
In the financial sector, shares in London-based financial service provider BlueBay Asset Management soared 29.89%, after it agreed to be bought by the Royal Bank of Canada in a deal worth approximately GBP 963 million.
In London, the commodity-heavy FTSE 100 dropped 0.13% as miners led declines amid retreating metal prices. Shares in silver producer Fresnillo plunged 2.42%, while shares in Xstrata tumbled 2.82% after its stocks were downgraded by HSBC Holdings.
Meanwhile, shares in BHP Billiton, the world’s largest mining company, plunged 1.55%, while rivals Rio Tinto plummeted 2.34%, after the mining giants abandoned plans for an iron ore joint venture in Australia.
The outlook for U.S. equity markets, meanwhile, was pessimistic ahead of earnings reports from Citigroup, Apple and International Business Machines.
Dow Jones Industrial Average futures indicated a drop of 0.45%, S&P 500 futures pointed to a loss of 0.49% and Nasdaq 100 futures indicated a decrease of 0.31%.
Later in the day, the U.S. was to releases official data on TIC long term purchases as well as data on the capacity utilization rate and industrial production.
During European morning trade, the EURO STOXX 50 was down 0.16%; France’s CAC 40 shed 0.27%; and Germany's DAX fell 0.08%.
Philips Electronics saw shares tumble 4.12%, after the company said its outlook for fourth quarter sales remained “cautious”, despite posting better-than-expected third quarter net profits.
In the financial sector, shares in London-based financial service provider BlueBay Asset Management soared 29.89%, after it agreed to be bought by the Royal Bank of Canada in a deal worth approximately GBP 963 million.
In London, the commodity-heavy FTSE 100 dropped 0.13% as miners led declines amid retreating metal prices. Shares in silver producer Fresnillo plunged 2.42%, while shares in Xstrata tumbled 2.82% after its stocks were downgraded by HSBC Holdings.
Meanwhile, shares in BHP Billiton, the world’s largest mining company, plunged 1.55%, while rivals Rio Tinto plummeted 2.34%, after the mining giants abandoned plans for an iron ore joint venture in Australia.
The outlook for U.S. equity markets, meanwhile, was pessimistic ahead of earnings reports from Citigroup, Apple and International Business Machines.
Dow Jones Industrial Average futures indicated a drop of 0.45%, S&P 500 futures pointed to a loss of 0.49% and Nasdaq 100 futures indicated a decrease of 0.31%.
Later in the day, the U.S. was to releases official data on TIC long term purchases as well as data on the capacity utilization rate and industrial production.