European stocks mostly lower, Germany outperforms
STOXX 600 down 0.1%
Tech leads, miners lag
Earnings lift SAP
Wall St futures lower
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EUROPEAN STOCKS MOSTLY LOWER, GERMANY OUTPERFORMS
European equity markets are mostly lower on Tuesday, with political uncertainty and a raft of earnings keeping stocks under pressure.
Investors remained focused on the U.S. election, even if the near-term impact of Biden exiting the race has had little market impact so far.
The pan-European STOXX 600 .STOXX index is down 0.1% after a near-1% rise the day before.
Britain's FTSE 100 and France's CAC 40 are both down around 0.4%, with outperformance seen in Germany's DAX .GDAXI, gaining 0.4%, led by a jump in SAP SAPG.DE shares.
Shares in the software supplier are up 6% to an all-time high after profit beat expectations in the second quarter.
That's giving a lift to the tech sector .SX8P, which is up 0.9% and is the best performing in Europe.
Miners .SXPP are lagging after a decline in copper prices on concerns about Chinese demand and after a 5% drop in aluminium producer Norsk Hydro NHY.OL shares following a miss on second quarter earnings.
Here's your opening snapshot
(Samuel Indyk)
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TUESDAY'S OTHER LIVE MARKETS POSTS:
EUROPEAN FUTURES MIXED, EARNINGS KICK INTO GEAR CLICK HERE
TESLA, ALPHABET EARNINGS TAKE CENTRE STAGECLICK HERE
Tesla's margin set to slip due to cheaper financing options https://reut.rs/4bSmhaP
European shares mostly lower, Germany outperforms https://reut.rs/46ea5Af
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