Skip to main content

LONDON (The Deal) -- Global stocks were mixed on Tuesday, with strong trade data from Germany failing to provide sufficient impetus to break a three-day losing streak for some European indices.

Both German exports and imports rose more than expected in January from the previous month, rising 2.2% and 4.1%, respectively, after contracting in December, Germany's Federal Statistical Office said.

In the U.K., industrial output rose 2.9% in January from the year before, well up on the 1.9% December growth rate but a shade lower than consensus expectations, the Office for National Statistics reported. Manufacturing output rose 3.3% in the year, as expected, with the 0.4% monthly rise just ahead of forecasts.

In London, the FTSE was down 0.22% at 6,674.95. In Frankfurt the DAX crept up 0.04% to 9,269.64 and in Paris, the CAC-40 dropped 0.08% to 4,267.4.

In London, African Barrick Gold pwas down almost 13% after Canada's Barrick Gold (ABX) sold a 10% stake in a placing, reducing its holding to 63.9%.

Scroll to Continue

TheStreet Recommends

Investment bank Close Brothers Group rose sharply after delivering first-half results ahead of expectations with profit growth across all three divisions -- banking, securities and wealth management. Daniel Stewart & Co. analyst Simon Willis put its share price on review for a potential upgrade, writing that the valuation is "not demanding."

Real estate consultancy Foxtons Group edged higher after it delivered its first full-year results since its September IPO, noting that revenue rose 16% in 2013 to 139.2 million pounds ($231.6 million), with pretax profit up almost 57% at 38.9 million pounds. It said it's had a good start to the year but the eventual outcome will depend in large part on how many homes get put on the market. Its shares are trading at 377.90 pence, up from their IPO price of 230 pence.

In Switzerland, bathroom fittings maker Geberit rose after announcing former McKinsey & Co. consultant Christian Buhl will become CEO next year, replacing Albert Baehny. Posting full-year results that met forecasts, the company warned that 2014 would be a demanding year because of continued weakness in much of the European construction market. It also warned that a weak pipeline of public construction projects in North America will affect its business.

In Tokyo, the Nikkei closed up 0.69% to 15,224.11 as the Bank of Japan left monetary policy unchanged.

In Hong Kong, the Hang Seng was little changed, closing at 22,269.61, 0.02% up on Monday.