Global stocks turn lower despite gains in Asian markets as investors eye US economic data



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LONDON — Stocks fell in Europe and were expected to open lower on Wall Street on Tuesday as investors looked to upcoming corporate earnings and economic data in the U.S. Earlier, Asian markets mostly closed higher.

KEEPING SCORE: France's CAC 40 slipped 1.1 percent to 4,623.57 and Germany's DAX was off by the same rate at 10,677.72. Britain's FTSE 100 was down 0.5 percent at 6,821.23. U.S. shares were set to move lower — Dow futures fell 0.7 percent and S&P 500 futures dropped 0.6 percent.

EARNINGS, DATA: Many investors were preparing to digest a raft of corporate earnings from the U.S. Chemical company DuPont said its profits grew in the fourth quarter, but that a strong dollar had cut into sales. Pfizer and Procter & Gamble are due to report before the market open, while technology giants Apple and Yahoo will disclose their figures after the close.

Key indicators of the health of the U.S. economy were also coming up, in particular figures for durable goods sales and consumer confidence.

GREECE FACTOR: In Europe, investors were still weighing the implications of Sunday's election victory by Greece's Syriza party, which has vowed to end painful austerity policies that are a condition of the country's international bailout program. But concerns of a disastrous confrontation in which, say, Greece might stop repaying its loans or the eurozone stop funding Athens, eased after both sides said they were open to negotiation.

ASIA'S DAY: Japan's Nikkei 225 stock average jumped 1.7 percent to 17,768.30 and South Korea's Kospi added 0.9 percent to 1,952.40. Australia's S&P/ASX 200 rose 0.8 percent to 5,547.20. Hong Kong's Hang Seng lost 0.4 percent to 24,807.28. Southeast Asian markets were mostly higher.

ENERGY: Benchmark U.S. crude was down 10 cents to $45.05 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 44 cents to close at $45.15 on Monday. Brent crude, a benchmark for international oils, rose 13 cents to $48.29. Oil has plunged since June, when it traded above $100, on high supplies and weak growth in demand.

CURRENCIES: The euro rose to $1.1278 from $1.1246 the previous day after trading at its lowest since 2003. The dollar was slightly lower at 117.98 yen from 118.27 yen.

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