The European markets are mixed in afternoon trading Tuesday, with banks coming under pressure. While hopes of action from the European Central Bank did influence sentiment, worse-than-expected factory orders data from Germany and news concerning Standard Chartered to some extent discouraged risk appetite.
The Euro Stoxx 50 index of eurozone bluechip stocks is climbing 0.78 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is rising 0.12 percent.
The German DAX is gaining 0.36 percent and the French CAC 40 is advancing 0.55 percent. The UK's FTSE 100 is falling 0.04 percent and Switzerland's SMI is dropping 0.27 percent.
In Frankfurt, Deutsche Bank and Commerzbank are moderately lower.
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.
Kuka is climbing 4.5 percent. The firm's profit increased in the second quarter.
In Paris, Credit Agricole is advancing 1.1 percent. Societe Generale and BNP Paribas are declining notably.
Morgan Stanley cut its rating on Danone. The stock is down 0.7 percent.
In London, Standard Chartered is plunging 24 percent. The New York State Department of Financial Services accused its unit Standard Chartered Bank of hiding $250 billion in illegal dealings with Iran for more than a decade.
Barclays is falling 1.5 percent, Lloyds Banking is down 1 percent and Royal Bank of Scotland is losing 2.1 percent.
InterContinental Hotels is climbing 7.5 percent. The firm reported a surge in second-quarter profit, hiked its dividend and announced a $1 billion return of capital.
Evraz is gaining 5.1 percent and International Consolidated Airlines is rising 3 percent.
Xstrata reported a 33 percent decline in first-half profit, reflecting lower commodity prices. The stock is up over 2 percent.
DSM is falling 4.6 percent in Amsterdam. The company reported a sharp decline in profit for the second quarter and announced elimination of 1000 jobs.
KBC is falling 2.7 percent in Brussels. The lender reported a loss for the second quarter.
Fiat Industrial is up 1.4 percent in Milan. Barclays raised the stock to "Overweight."
Danske Bank is adding 5.7 percent in Copenhagen. The lender's profit improved in the first half of the year.
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 $0.32 to $92.52 per barrel and December gold is rising $1.4 to $1617.6 a troy ounce.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.