Europe before the bell: Positive tone fades
EWG•European stock futures pointed to a lower open on Tuesday, with Euro STOXX 50 futures down about 0.6% ahead of ECB and Fed rate decisions later in the week. HSBC shares were called lower after third-quarter revenue missed estimates, while Brent crude traded near its highest level since late April.
1. Futures point lower
European stock futures pointed to a lower open on Tuesday as optimism from Monday faded ahead of rate decisions from the ECB and the Fed later in the week. Euro STOXX 50 futures were down about 0.6% after the index rose 0.8% on Monday; DAX, CAC and FTSE futures fell 0.4% to 0.6%.
2. Earnings and oil watched
HSBC shares were called to open lower after third-quarter revenue missed estimates, and its Hong Kong-listed shares fell 5.6%. Results from Porsche, Novartis and Orange were also reported. Brent crude futures traded close to their highest level since late April.
