Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
European stocks slide after poor Alcoa earnings (AFP)
, which kicked off the latest results season in the world's biggest economy.
of leading shares slumped 1.19 percent to 5,472.91 points, dragged down by heavyweight mining groups whose
suffered after Alcoa's earnings missed analyst expectations.
.
Elsewhere on Tuesday,
's DAX 30 slid 1.32 percent to 5,962.46 points and in Paris the
shed 1.09 percent to 3,998.66 approaching the half-way mark.
of top eurozone shares declined by 1.09 percent in value to reach 2,977.00 points.
“US earnings season kicked off last night with Alcoa missing its expectations, this coming on the back of last week's weaker job data has contributed to a slightly uncertain start… and a feeling that equity markets have got ahead of themselves,” said equity trader Arifa Sheikh-Usmani at financial betting firm Spreadex.
close, Alcoa said that it had earned one cent a share in the fourth quarter, which compared with analyst expectations of six cents a share.
Ahead of the data, Wall Street indices ended mixed on Monday.
rose 0.43 percent to 10,663.99 points, clawing higher in the final hour of trading. The blue chip index hit an intra-day high of 10,676.23, its best price since October 3, 2008.
fell 0.21 percent to 2,312.41 points while the broad-market Standard & Poor's 500 index added 0.17 percent to 1,146.98 points after languishing in the red for most of the day.
All three key stock indices had opened on a positive note, mirroring sharp gains in Europe, after robust China trade data at the weekend but shares turned mixed in choppy trading later on caution ahead of
's earnings news.
's benchmark Nikkei-225 index closed up 0.75 percent to reach 10,879.14 points on Tuesday, hitting a new 15-month high as overall
remained upbeat despite fears that Japan Airlines is headed for bankruptcy, traders said.