Earnings Fears Seen Sending European Stocks Lower


European stocks looked set to open lower on Tuesday tracking weaker Asian markets as concerns about first quarter corporate earnings grew and high oil prices.

U.S. aluminum producer Alcoa kicked off the first-quarter U.S. earnings season overnight and said its profit halved from a year ago because of energy costs and the weak dollar.

European technology stocks may be in focus after Advanced Micro Devices, the second-largest maker of computer processors, said it will cut 10 percent of its workforce after first-quarter sales fell more than it had expected. 

Financial bookmakers in London were calling the UK's FTSE 100 index 27 to 36 points lower, Germany's DAX 44 to 51 points lower and France's CAC 40, 37 to 46 points lower.

The FTSEurofirst 300 index of top European shares ended 0.8 percent higher on Monday on rising metals prices and firmer mining stocks.

The main focus on Tuesday will be the release of the minutes of the U.S. Federal Reserve's March 18 meeting, due later in the session.