Investing.com – European stocks were up after the open on Tuesday, as gains in financial stocks outweighed losses in the technology sector; while U.S. futures indexes pointed to a lower open on Wall Street.
During European morning trade, the EURO STOXX 50 was up 0.24%; France’s CAC 40 rose 0.10%; and Germany's DAX gained 0.26%.
In the financial sector, shares in Germany’s largest lender Deutsche Bank soared 3.11%, Banco Santander climbed 2.19% and stocks of Italian financial service provider UniCredit jumped 1.79%.
But shares in the technology sector were led lower by Apple, whose shares tumbled 4.82% in pre-market trading. The company said iPad sales were short of analysts’ projections, however fourth quarter earnings remained better-than-expected.
Shares in ARM Holdings, the U.K. designer of chips that power Apple’s iPhone, tumbled 2.38% while German chip manufacturer Infineon Technologies dropped 1.33%.
In London, the commodity-heavy FTSE 100 added 0.05%, but gains were limited amid losses in the mining sector due to retreating crude oil and metal prices. Shares in Rio Tinto fell 0.56%, while rivals Xstrata tumbled 2.02% after its stocks were downgraded by HSBC Holdings.
The outlook for U.S. equity markets, meanwhile, was pessimistic ahead of earnings reports from Goldman Sachs, Bank of America and Coca Cola.
Dow Jones Industrial Average futures indicated a drop of 0.04%, S&P 500 futures pointed to a decrease of 0.23% and Nasdaq 100 futures indicated a loss of 1.03%.
Later in the day, the U.S. was to publish official data on building permits and housing starts.
During European morning trade, the EURO STOXX 50 was up 0.24%; France’s CAC 40 rose 0.10%; and Germany's DAX gained 0.26%.
In the financial sector, shares in Germany’s largest lender Deutsche Bank soared 3.11%, Banco Santander climbed 2.19% and stocks of Italian financial service provider UniCredit jumped 1.79%.
But shares in the technology sector were led lower by Apple, whose shares tumbled 4.82% in pre-market trading. The company said iPad sales were short of analysts’ projections, however fourth quarter earnings remained better-than-expected.
Shares in ARM Holdings, the U.K. designer of chips that power Apple’s iPhone, tumbled 2.38% while German chip manufacturer Infineon Technologies dropped 1.33%.
In London, the commodity-heavy FTSE 100 added 0.05%, but gains were limited amid losses in the mining sector due to retreating crude oil and metal prices. Shares in Rio Tinto fell 0.56%, while rivals Xstrata tumbled 2.02% after its stocks were downgraded by HSBC Holdings.
The outlook for U.S. equity markets, meanwhile, was pessimistic ahead of earnings reports from Goldman Sachs, Bank of America and Coca Cola.
Dow Jones Industrial Average futures indicated a drop of 0.04%, S&P 500 futures pointed to a decrease of 0.23% and Nasdaq 100 futures indicated a loss of 1.03%.
Later in the day, the U.S. was to publish official data on building permits and housing starts.