European stock benchmarks eked out modest gains on Tuesday as oil prices declined and the pound continued to fall after last week's Bank of England rate cut.
In early trading the FTSE 100 was up 0.23% at 6,824.64. The Dax gained 0.21% to 10,454.62 and in Paris the Cac 40 rose 0.22% to 4,425.31.
West Texas intermediate was recently down 0.93% at $42.62 on worries about likely inaction during upcoming informal talks among Opec members.
The pound on Tuesday fell for a fifth day and was recently down 0.30% against the dollar at $1.2999, as the Bank of England's rate cut, and its expanded program of bond buying contrasted with Friday's better-than-expected U.S. payrolls figures in highlighting the divergence between the U.K. and the U.S. economies.
S&P 500 mini futures had recently crept up by 0.05% and Dow Jones mini futures were up 0.07%.
FTSE 100 mining stocks, including Antofagasta, Anglo American, BHP Billiton, (BHP) and Glencore, declined as the prices of commodities including copper, gold and silver slipped.
But payment systems maker WorldPay (WDDYF) led the FTSE 100 gainers, rising more than 4% after underlying first-half earnings beat expectations, helped by cost cuts in the U.K.
Legal & General Group was the index's leading decliner, down more than 4%, and paring gains the stock has made in the past month. The insurer and asset manager's own first-half operating profit also came in ahead of expectations.
In Amsterdam, Patrick Drahi's cable company Altice was up more than 7% as second-quarter Ebitda grew more, and revenue fell less, than expected, partly thanks to its recent purchases of Cablevision Systems and Suddenlink Communications in the U.S.
In Milan, Monte dei Paschi di Siena (BMDPF) was up almost 2% on news of a successful fundraising at Atlante, the government-backed banking rescue fund that has arranged to buy some of the lender's bad debt.
German exports edged higher in June after an unexpectedly month-on-month decline in May, though weak global growth continued to prove a drag on Europe's leading economy and the rise was less than expected. Imports rose more than expected, however, according to the Federal Statistical Office figures.
In the U.K., British Retail Consortium figures showed that retail sales unexpectedly rebounded in July, as better weather and the lure of bargains had more impact on consumers' shopping habits than worries about Brexit.