European stocks
fell for a third consecutive day on Tuesday, once again dragged down by
financials as shares in Deutsche Bank slid on deepening concern about
its health after its $8.5 billion cash call.
A
batch of weak corporate earnings reports and the biggest fall in German
industrial orders since the depths of the global financial crisis also
disappointed investors, setting the tone for a lacklustre session in
Europe.
Europe's leading index of the top 300 shares fell as much as 0.5 percent .FTEU3, with the region's banking index down as much as 0.7 percent. By 0945 GMT the FTSEuroFirst had clawed back ground to trade only slightly lower on the day, and financials were down 0.3 percent.
Deutsche (DBKGn.DE) shares fell almost 3 percent to a fresh 2017 low. They have lost more than 10 percent in the last few days since the bank said it would tap investors for $8.5 billion.
British temporary power provider Aggreko (AGGK.L) slumped almost 11 percent and French retailer Casino Guichard (CASP.PA) fell 5 percent after publishing their results.
German industrial orders slumped 7.4 percent in January, the biggest fall since January 2009 and nearly three times as steep as the 2.5 percent fall expected by economists.
U.S. futures pointed to a slightly lower open on Wall Street ESc1 DJc1, cooling from last week's record highs as investors prepare for an all-but-certain interest rate hike next week.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent, and Japan's Nikkei .N225 closed down 0.2 percent.
Europe's leading index of the top 300 shares fell as much as 0.5 percent .FTEU3, with the region's banking index down as much as 0.7 percent. By 0945 GMT the FTSEuroFirst had clawed back ground to trade only slightly lower on the day, and financials were down 0.3 percent.
Deutsche (DBKGn.DE) shares fell almost 3 percent to a fresh 2017 low. They have lost more than 10 percent in the last few days since the bank said it would tap investors for $8.5 billion.
British temporary power provider Aggreko (AGGK.L) slumped almost 11 percent and French retailer Casino Guichard (CASP.PA) fell 5 percent after publishing their results.
German industrial orders slumped 7.4 percent in January, the biggest fall since January 2009 and nearly three times as steep as the 2.5 percent fall expected by economists.
U.S. futures pointed to a slightly lower open on Wall Street ESc1 DJc1, cooling from last week's record highs as investors prepare for an all-but-certain interest rate hike next week.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.4 percent, and Japan's Nikkei .N225 closed down 0.2 percent.
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