Retailers Tesco, Burberry see gains
European equities markets were mixed Tuesday, with London markets lower as banks declined after Bank of New York Mellon (NYSE: BK) produced a disappointing quarterly report and cut its dividend.
In London, the FTSE 100 was down 0.09 percent to 3,987.46 while the FTSE 250 dropped 0.42 percent to 6,987.25.
The declines came despite gains in the retail sector after Tesco (LSE: TSCO) added 4.88 percent when said that its annual profit was up 10 percent and that sales were up, and on a quarterly report from luxury clothing retailer Burberry Group (LSE: BRBY) which showed that revenues ere up.
Burberry led the 250 with a gain of 12.97 percent.
The FTSE Eurofirst 300 added 0.15 percent to 787.3 while the CAC-40 was up 0.15 percent to 2,973.94 and the Dax gained 0.34 percent to 4,501.63, but the IBEX dropped 1.17 percent to 8,615.8.
Most markets in the Asia-Pacific region saw declines.
In Tokyo, the Nikkei 225 fell 2.39 percent to 8,711.33 while the Topix index was down 2.07 percent to 830.72 and the Mothers market dropped 1.22 percent to 322.68.
Other decliners included the Sensex, which was down 0.74 percent to 10,898.11 while the Shanghai Composite fell 0.85 percent to 2,535.83.
In Australia, the Sydney Ordinaries dropped 2.4 percent to 3,633.1 and the S&P/ASX200 was down 2.43 percent to 3,677.4, while the Hang Seng was 2.95 percent lower to 15,285.89 in Hong Kong.
Markets seeing gains included South Korea’s Kospi, which was up 0.03 percent to 1,336.81 while the Straits Times Index added 0.66 percent to 1,887.25 and the Taiex gained 1.73 percent to 5,881.41 in Taiwan.
In early afternoon trade in New York the Dow Jones Industrial Average was 0.74 percent higher to 7,899.71 while the Nasdaq Composite had added 1.32 percent to 1,629.39 and the S&P 500 was up 1.1 percent to 841.52.
Crude oil prices were up slightly shortly before the close of floor trade in New York on gains in equities while metals prices were lower.
Grains prices were higher on the Chicago Board of Trade.
The euro and the pound both gained on new data, while the yen declined in anticipation of a report that is expected to show that Japan ran a trade deficit in March.
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