LONDON (The Deal) -- European indices moved decisively into the red on Tuesday and most Asian markets edged lower amid nervousness about what the November nonfarm payrolls report from the U.S. on Friday will mean for the Federal Reserve's monthly bond-buying program.

Compounding the gloom,  European Commission data showed that eurozone producer prices in October fell more than expected, declining 0.5% month-on-month and 1.4% on the year in further evidence that the region's economy is flagging.

In Frankfurt, the DAX was down 0.62% by late morning at 9,343.45, while in Paris the CAC 40 tumbled 1.29% to 4,230.65.  In London, the FTSE slipped 0.52% to 6,560.80.

Rio Tinto Group (RIO) shareholders reacted negatively to an investor update from recently arrived CEO Sam White which focused on cost cuts and capital expenditure retrenchment.  The company said it will continue to pare back investment by about 20% a year, spending $11 billion next year and $8 billion in 2015. Rio Tinto shares were down almost 1.5% by mid-morning in London.

Other resources companies including the global leader, BHP Billiton (BHP), Anglo American and Vedanta Resources fell in sympathy.

In Frankfurt, ThyssenKrupp was little changed after it announced that it had sold shares at a roughly 11% discount to Friday's closing price to raise around $1.2 billion to cut debt. The German company confirmed over the weekend that it had failed to sell the Brazilian part of its Steel Americas unit and that it had been forced to buy back steel assets it previously sold to Outokumpo, in exchange for a vendor's loan it had previously extended the Finnish company.

In Tokyo, the Nikkei closed up 0.60% at 15,749.66 and in Hong Kong the Hang Seng slipped 0.53% to 23,910.47.