The European markets fell for the second day on Tuesday, as weakness in banking stocks and wider-than-estimated loss at EADS offset gains in defensive food and pharmaceutical stocks.
Crude for April delivery fell $0.04 to $81.83 a barrel on the New York Mercantile Exchange, by the time the European markets closed.
The FTSEurofirst 300 index of pan-European blue chips closed 0.08% lower at 1,052.55 points, while the narrower DJ Stoxx 50 index rose 0.09% to 2,577.27 points.
Around Europe, the U.K.'s FTSE 100 index fell 0.08% to 5,602.30, while France's CAC 40 index rose 0.17% to 3,910.01 and Germany's DAX index surged up 0.17% to 5,885.89. EADS, parent of commercial plane maker Airbus, slipped 2.8% after the company reported a wider-than-estimated annual loss and scrapped its dividend.
Banco Comercial Portugues, Portugal's second-biggest publicly traded bank, led banking stocks lower, falling 1.9%, as Fitch Ratings said Portugal's credit rating may be cut if the nation's deficit-reduction program is insufficient.
Ebro Puleva dropped 4.8% after Caja Espana said it is considering selling its stake in the Spanish food company.
On the other hand, food companies and drugmakers were among the top gainers. Nestle, the world's biggest food company, rose 1.2% after JPMorgan upgraded the stock to "overweight" from "neutral."
Among drugmakers, GlaxoSmithKline surged up 1.6%, while Sanofi-Aventis and Novartis gained 0.8% each.
British engineering firm Weir Group jumped 7.9% after the company reported full year profit that beat analysts' estimate.
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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.