- German investor confidence plunges
- Russia sends humanitarian aid to Ukraine
- French deficit widens
- US backs removal of Iraqi PM
FTSE 100: -0.04%
CAC 40: -0.42%
FTSE MIB: 0.66%
IBEX 35: 0.68%
Stoxx 600: 0.10%
European stocks were mixed as German investor confidence declined on geopolitical tensions.
ZEW's economic sentiment index for Germany dropped to 8.6 in August from 27.1 in July.
It marked the eighth consecutive decrease and reached its lowest level since December 2012.
"The decline must relate largely to fears about the effects of the Ukraine crisis, which could prove short-lived given the recent partial recovery in German equity prices," Capital Economics said.
"But the further confidence falls, the greater the risks to actual economic activity. Data later this week are likely to reveal that the German economy more or less stagnated in second quarter. While a renewed expansion seems likely in third quarter and beyond, the recovery seems to have passed its peak."
Russian President Vladmir Putin on Tuesday morning sent 280 trucks to deliver humanitarian aid to southeast Ukraine. Humanitarian aid was said to include food, medicine and drinking water. However, the Red Cross said it was still waiting for more information on the contents of the convoy before agreeing to a mission. A Ukrainian military spokesman said aid shouldn't enter Ukraine before Red Cross assesses needs.
Meanwhile, US President Barack Obama voiced his support for the removal of Nouri al-Maliki as Prime Minister of Iraq and urged his replacement, deputy speaker of the parliament, Haider al-Ibadi, to move forward with formation of a new cabinet.
Israeli and Palestinian negotiators, meanwhile, are in talks to solve the conflict in Gaza amid a three-day ceasefire between the countries.
In France, the current-account deficit widened in June after the country's largest listed bank by assets, BNP Paribas, paid a multibillion-dollar fine in the US for violating sanctions against Iran, Cuba and Sudan.
The Eurozone's second-largest economy recorded a €7.4bn current-account deficit in June compared with €3.3bn in May, the Bank of France said. Excluding the impact of the fine, the deficit was €3.1bn.
Hargreaves Lansdown, Ladbrokes
Hargreaves Lansdown edged lower after UBS initiated coverage of the stock with a 'sell' rating, saying that the "risk-reward [is] significantly skewed to the downside".
Ladbrokes advanced after the UK operator of betting shops reported a 1.6% increase in first-half revenue to £577.8m. The company forecast a return to growth in the second half of the year after pre-tax profit dropped in the first six months.
Serco Group rallied as the outsourced-services provider said Aggreko's Angus Cockburn will take over as chief financial officer.
Henkel declined as the German maker of Loctite glue and Persil washing detergent said earnings growth will slow in the second half, reflecting the impact of crises in Ukraine and the Middle East.
Rhoen-Klinikum slumped following news that Berenberg and Goldman are selling shares
in the hospital operator.
The euro fell 0.33% to $1.3341.
Brent crude futures dropped 0.81% to $103.84 per barrel, according to the ICE.