Investing.com - European stocks remained mixed to lower on Tuesday, as investors remained cautious ahead of a highly anticipated U.S. employment report, to be released later in the trading session.
During European afternoon trade, the EURO STOXX 50 edged up 0.08%, France’s CAC 40 rose 0.20%, while Germany’s DAX 30 added 0.07%.
Markets were jittery amid concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were awaiting the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
Financial stocks were mixed, as BNP Paribas added 0.19% and Societe Generale slid 0.32% in France, while Germany's Deutsche Bank declined 0.57%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA dropped 0.44% and 0.51% respectively, while Italy's Intesa Sanpaolo edged up 0.19%.
Elsewhere, Novartis gained 1.18% as the Swiss drugmaker raised its forecast for the second time this year after a generic competitor to one of its biggest-selling medicines failed to appear.
Dutch phone operator Royal KPN also continued to trend higher, up 1.93%, even as the company reported a third-quarter loss on an impairment charge in Germany and as competition in its home market intensified.
In London, commodity-heavy FTSE 100 edged up 0.26%, supported by gains in the mining sector.
Shares in Rio Tinto rose 0.17% and Glencore Xstrata gained 0.45%, while BHP Billiton surged 3.26%.
Meanwhile, financial stocks were mixed. The Royal Bank of Scotland climbed 0.75% and Lloyds Baking advanced 0.71%, while Barclays and HSBC Holdings inched down 0.03% and 0.08% respectively.
In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.01% dip, S&P 500 futures signaled a 0.05% loss, while the Nasdaq 100 futures indicated a 0.05% gain.
During European afternoon trade, the EURO STOXX 50 edged up 0.08%, France’s CAC 40 rose 0.20%, while Germany’s DAX 30 added 0.07%.
Markets were jittery amid concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were awaiting the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
Financial stocks were mixed, as BNP Paribas added 0.19% and Societe Generale slid 0.32% in France, while Germany's Deutsche Bank declined 0.57%.
Among peripheral lenders, Spanish banks Banco Santander and BBVA dropped 0.44% and 0.51% respectively, while Italy's Intesa Sanpaolo edged up 0.19%.
Elsewhere, Novartis gained 1.18% as the Swiss drugmaker raised its forecast for the second time this year after a generic competitor to one of its biggest-selling medicines failed to appear.
Dutch phone operator Royal KPN also continued to trend higher, up 1.93%, even as the company reported a third-quarter loss on an impairment charge in Germany and as competition in its home market intensified.
In London, commodity-heavy FTSE 100 edged up 0.26%, supported by gains in the mining sector.
Shares in Rio Tinto rose 0.17% and Glencore Xstrata gained 0.45%, while BHP Billiton surged 3.26%.
Meanwhile, financial stocks were mixed. The Royal Bank of Scotland climbed 0.75% and Lloyds Baking advanced 0.71%, while Barclays and HSBC Holdings inched down 0.03% and 0.08% respectively.
In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.01% dip, S&P 500 futures signaled a 0.05% loss, while the Nasdaq 100 futures indicated a 0.05% gain.