The German market turned negative in afternoon trading Tuesday, as concerns remained whether the austerity measures will be passed by the Greek parliament. Most major Asian markets managed to close in positive territory, while U.S. index futures are cautious ahead of the release of consumer confidence figures.
The Euro Stoxx 50 index of eurozone bluechip stocks is losing 0.20 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is falling 0.17 percent.
The DAX index opened slightly higher at 7,139. After some volatile trading early in the session, the index is currently losing 0.30 percent.
Siemens is leading the decliners by falling 3.8 percent. The company said it expects a slight increase in third-quarter profit, after adjusting for a payment to the nuclear technology joint venture Areva NP following a legal decision.
Truckmaker MAN is falling 1.9 percent. Carmakers BMW, Volkswagen and Daimler are moderately rising.
Commerzbank is advancing 1.7 percent and Deutsche Bank is rising 0.5 percent.
Adidas is gaining 3.4 percent after larger rival Nike reported higher quarterly profit.
Diversified chemical firm K+S and detergent maker Henkel are notably higher. Lufthansa is adding 0.9 percent after Barclays raised its price target on Lufthansa to 19 euros from 17 euros.
Elsewhere in Europe, the French CAC 40 is climbing 0.57 percent and the UK's FTSE 100 is adding 0.20 percent. Switzerland's SMI is gaining 0.02 percent.
In economic news, German consumer sentiment is set to strengthen in July, survey results from the market research group GfK showed. The forward-looking consumer sentiment index rose unexpectedly to 5.7 points for July from a revised value of 5.6 points in June. Economists had expected it to drop to 5.3 points.
The British economy expanded in the first quarter from the prior quarter as estimated, the Office for National Statistics said. Gross Domestic Product grew 0.5 percent sequentially in the first quarter, unrevised from growth previously published. The first quarter expansion offset the 0.5 percent contraction in the previous three months.
Switzerland's consumption indicator rose significantly in May, driven by an increase in new car registrations. The bank's consumption indicator rose 0.34 points to 1.91, its highest level since August last year. This follows a 0.1 point decline in April.
Across Asia/Pacific, major markets ended in positive territory. Australia's All Ordinaries gained 0.21 percent and China's Shanghai Composite Index rose 0.04 percent. Hong Kong's Hang Seng and Japan's Nikkei 225 added 0.09 percent and 0.74 percent, respectively.
In the U.S., futures point to a lower open on Wall Street. In the previous session, the major averages pulled back off their highs going into the close but remained firmly positive. The Dow advanced 0.9 percent, the Nasdaq jumped 1.3 percent and the S&P 500 rose 0.9 percent.
In the commodity space, crude for August delivery is adding $0.34 to $90.95 per barrel and August gold is rising $5.5 to $1501.9 a troy ounce.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.