The German market turned negative in afternoon trading Tuesday, after data showed that the country's factory orders fell more than forecast in June. Hopes of action from the European Central Bank had influenced sentiment earlier in the session.
The Euro Stoxx 50 index of eurozone bluechip stocks is climbing 0.68 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is rising 0.04 percent.
The DAX index is currently losing 0.08 percent.
Deutsche Bank and Commerzbank are moderately lower.
Beiersdorf is falling 1.6 percent.
Credit Suisse re-initiated Fresenius with an "Outperform" rating. The stock is moderately lower.
Lanxess is falling 3.8 percent. The specialty chemicals company reported a slight fall in profit for the second quarter, even as revenue climbed over 8 percent. The company backed its profitability view for the full year.
Munich Re is gaining 1.1 percent after reporting second-quarter results.
Volkswagen, BMW and Daimler are gaining between 1.7 percent and 1.2 percent.
E.ON is rising 1.3 percent. The firm reaffirmed its increased outlook for 2012.
Elsewhere in Europe, the French CAC 40 is adding 0.09 percent. The UK's FTSE 100 is falling 0.38 percent and Switzerland's SMI is dropping 0.53 percent.
In economic news, data released by the Federal Ministry of Economy and Technology showed that the country's factory orders fell more than forecast in June. Factory orders fell 1.7 percent month-on-month in June compared to expectations for a 0.8 percent drop.
U.K. industrial production decreased in June, but the rate of decline was weaker than forecast by economists, data from the Office for National Statistics showed.
Across Asia/Pacific, Australia's All Ordinaries and Hong Kong's Hang Seng gained around 0.4 percent each. China's Shanghai Composite Index rose 0.1 percent and Japan's Nikkei 225 climbed 0.9 percent.
In the U.S., futures point to a higher open. In the previous session, The Dow edged up 0.2 percent, the Nasdaq rose 0.7 percent and the S&P 500 crept up 0.2 percent.
In the commodity space, crude for September delivery is adding $0.25 to $92.45 per barrel and December gold is rising $2.5 to $1618.7 a troy ounce.
by RTT Staff Writer
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