LONDON (TheDeal) -- European stocks were mixed on Tuesday as the Greek equities selloff entered a second day and as companies from German carmaker Bayerische Motoren Werke (BAMXY) to French insurer Axa (AXAHY) posted earnings.
In London, the FTSE 100 inched up 0.19% to 6,701.39, while in Germany, the DAX added 0.13% to 11,458.90. In Paris, the CAC 40 shed 0.33% to 5,103.77.
Meanwhile in Greece, financial stocks again led the Athens Stock Exchange General Index 1.10% lower on a second day of post-shutdown pent-up selling.
On the macroeconomic front, U.K. investors appeared unimpressed by early signs that the country's housing market may be stabilizing. House prices rose by a seasonally adjusted 0.4% in July, as the annual growth rate accelerated to 3.5% from 3.3% in June, according to the Nationwide Building Society.
Among top London gainers, aerospace engineering firm Meggitt (MEGGF) added 5.28% after the company announced an 8% annual dividend increase on the heels of strong preliminary first-half results. Pretax profit jumped 6% as revenue came in 10% higher.
Smiths (SMGKF) climbed nearly 6% amid reports that San Francisco-based activist hedge fund ValueAct Capital Management had taken a 5% stake in the engineering firm.
Royal Bank of Scotland (RBS) was up 0.27%. The stock recovered after retreating earlier in the day on the sale of a 5.4% stake by the British government.
RBS shares were sold at a 2.3% discount to Monday's close, yielding more than $3 billion in proceeds for the government and reducing its stake in the lender from 78.3% to 72.9%.
Elsewhere on the continent, stocks were mainly moving on earnings news.
Crédit Agricole also said that talks with U.S. authorities investigating possible sanctions violations are at a "very advanced" stage, with a settlement likely by this fall. Crédit Agricole set aside another €350 million in litigation provisions in the second quarter, bringing the total to €1.6 billion. Its second-quarter income rose 18.1% to €920 million.
Axa gained 0.52%. France's largest insurer reported a greater-than-expected first-half profit, mainly driven by the life & savings and asset management segments.
In Frankfurt, Continental (CTTAY) rose 5.69% after the car-parts maker raised its full-year earnings forecast on the back of strong second-quarter results.
"Despite a slowdown in the growth rate of vehicle production in Asia, we anticipate stable business development in the remaining half of the year at the high level already achieved," said CEO CEO Elmar Degengart in a statement.
Carmaker BMW did not fare as well. The stock fell 0.70% after posting a 3% drop in second-quarter profit.
BMW reaffirmed its full-year targets but warned that the scale of the increase is likely to be held down by "fierce competition," rising personnel costs and "upcoming challenges relating to the normalization of the Chinese market."
In Asia, the Nikkei was 0.14% lower at 20,520.36, while the Hang Seng slid 0.02% to 24,406.12.