The Deal: European Stocks Fall as Dollar Rises

LONDON (The Deal) -- European stocks fell sharply on Tuesday and Asian indices were mixed as the euro, pound and the yen fell against the dollar.

In London, the FTSE fell 0.23% to 6,713.00 as a raft of price data for October, including consumer-price inflation, revealed below-forecast price rises.

In Frankfurt, the DAX slipped 0.15% to 9,094.05, and in Paris the CAC 40 lost 0.25% to 4,279.61.

Vodafone (VOD) rose after saying it will increase previously announced capital expenditure to upgrade its networks by 1 billion pounds ($1.59 billion) to 7 billion pounds. Moody's Investors Service said Vodafone's capital expenditure program -- one of the fruits of its sale of the $130 billion sale of Verizon Wireless stake to Verizon Communications (VZ) -- would have other wireless services operators struggling to compete. The U.K. company also reported declining first-half sales and earnings and warned of tough conditions in Europe.

German chipmaker Infineon Technologies fell sharply after a warning about the first-quarter outlook eclipsed solid fourth-quarter results.

Norwegian aluminum maker Norsk Hydro dropped almost 6% after Brazilian mining group Vale (VALE) prepared to sell $1.8 billion worth of Norsk Hydro shares in a secondary offering.

In Askia, the Nikkei 225 in Tokyo posted the biggest gain as the yen fell, rising 2.2% to close at 14,588.68. In Hong Kong, the Hang Seng slipped 0.73% to close at 22,901.41.

More from Markets

Emerging Markets Get Pounded by Trade War Concerns

Emerging Markets Get Pounded by Trade War Concerns

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

Dow Tumbles, Stocks Slide on Renewed Trade War Concerns

PTC Shares Skyrocket on Positive Data for Spinal Muscular Atrophy Drug

PTC Shares Skyrocket on Positive Data for Spinal Muscular Atrophy Drug

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Tesla Slumps After Mary McCormack Tweets Husband's Flaming Model S

Stocks Dive Globally as U.S.-China Trade War Intensifies

Stocks Dive Globally as U.S.-China Trade War Intensifies