Lots of red
STOXX 600 down 0.5%
Scor, Hugo Boss warn on results
Wall St futures inch lower
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LOTS OF RED
Most major industry sectors and national benchmarks are in the red after the first hour of trading on Tuesday without much positive news to point to.
Autos .SXAP, miners .SXPP and insurers .SXIP are all down around 1.5%, a sign of the broad-based selloff. The STOXX 600 .STOXX is down around 0.5%.
A decline in copper prices is hurting miners, while insurers are taking a hit from a 28% plunge in shares of French reinisurer Scor SCOR.PA, which is languishing at the bottom of the STOXX 600 after cutting guidance with its full year results.
Second from bottom is Hugo Boss BOSSn.DE, off 9.5%, also after cutting its full year forecast. After Burberry took a plunge on Monday, a luxury index .STXLUXP is at its lowest since January.
An unusual winner is Ocado, whose shares are up 12% at the top of the charts after the British online grocer lifted its annual guidance.
(Alun John)
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