European markets ended in the red Tuesday, led by banks amid worries about fresh capital requirements.
The Federal Association of German Banks said that ten of the nation's biggest lenders may need to raise as much as EUR 105 billion, in order to meet new regulatory standards.
The UK's FTSE 100 Index shed 31.37 points or 0.57% to 5407.82; the German DAX Index dropped 37.15 points or 0.60% to 6117.89; and the French CAC 40 ended down 40.92 points or 1.11% at 3643.81.
In the US, the Dow is down 0.65%, the Nasdaq is slipping 0.70% and the S&P 500 is losing 0.75%.
Crude oil for October delivery on the New York Mercantile Exchange dropped $1.25 to $73.35 a barrel.
Meanwhile, the price of gold closed in on its record high. December gold added $7.10 to $1258.20 an ounce.
On the economic front, German factory orders dropped 2.2% month-on-month in July, countering expectations for a 0.5% increase.
Austria's trade deficit widened to EUR 235.3 million in June from EUR 91.7 million a year ago. Exports grew 22.2% year-on-year to EUR 9.53 billion and imports rose 23.8% annually to EUR 9.77 billion.
Switzerland's unemployment rate remained flat at 3.8% in August, while economists had expected the rate to edge down to 3.7%.
Industrial production in Denmark rose 2.2% year-on-year in July. On monthly basis, industrial output grew at a seasonally adjusted 1.4%.
Elsewhere, the Reserve Bank of Australia left its overnight cash rate unchanged at 4.5% in a widely expected move.
Among British stocks, Barclays fell 2.74%. The financial giant said it appointed Robert Diamond Jr., the head of its investment banking unit, to succeed its retiring CEO John Varley, who would step down on March 31.
Investec gave in 1.85%, Royal Bank of Scotland lost 1.78% and Lloyds Banking Group eased 0.50%.
Among insurers, Aviva shed 2%, Standard Life trimmed 1.90% and Old Mutual ended down 1.32%.
Hedge fund company Man Group surrendered 4.12% and brokerage firm ICAP lost 2.89%.
Miner Eurasian Natural Resources gave in 2.22%. Rio Tinto, Xstrata, Kazakhmys and Anglo American shed over 1% each.
Meanwhile, gold producer Randgold Resources gained 1.08% and African Barrick Gold added 0.75%.
Royal Dutch Shell lost 1.31%. BG Group and Cairn Energy eased 1.70% each, while Tullow Oil gathered 3.89%.
Engineering-services firm Amec fell 2.59% and temporary power provider Aggreko gave in 1.85%.
Ashtead Group moved up 1.79%. The construction equipment rental firm reported a pre-tax profit of GBP 11.9 million for the first-quarter, up 35% from the year-ago period.
Engineering firm Invensys advanced 7.42%, British Airways rose 2.82% and drug maker GlaxoSmithKline added 0.88%.
Water utility Severn Trent gained 2.40% and United Utilities Group ended up 1.27%.
German lender Commerzbank trimmed 2.08% and Deutsche Bank shed 1.65%.
Insurance provider Allianz dropped 0.97% and Muenchener Rueckvers eased 0.87%. Stock market company Deutsche Boerse fell 1.97%.
Semiconductor producer Infineon Technologies surrendered 3.52% and business software firm SAP lost 1.07%.
Personal care products maker Beiersdorf shed 1.26% and Adidas ended down 1.42%.
Chemical firm K + S shed 2.35% and BASF eased 0.98%, while Bayer edged up 0.16%.
Among auto stocks, BMW and MAN edged down 0.11% each, while Volkswagen added 0.39%.
In Paris, lender Societe Generale shed 3.84% and Dexia fell 3.74%. Credit Agricole and BNP Paribas ended down more than 2% each.
Telecoms equipment maker Alcatel-Lucent surrendered 3.12% and wireless operator France Telecom eased 1.31%.
Beverages firm Pernod-Ricard lost 2.36% and IT service provider Cap Gemini gave in 1.72%.
Luxury goods retailer PPR shed 1.92% and cosmetics giant Loreal trimmed 1.13%.
Among construction firms, Bouygues eased 1.62% and Vinci lost 1.15%. Saint-Gobain ended down 1.44%.
For comments and feedback contact: editorial@rttnews.com
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.