European Shares Seen Mixed, Flurry of Results Eyed


European equities were seen mixed on Tuesday after the previous session's drop and ahead of a flurry of updates from companies such as Saint-Gobain and Norsk Hydro.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 4 and 7 points lower, the German DAX up 14 points to down 15 points, and the French CAC 40 down 3 to 6 points.

The FTSEurofirst 300 index of top European shares fell 1.1 percent on Monday, led by a drop in shares of Royal Bank of Scotland ahead of an expected hefty rights issue and Swiss food group Nestle after a disappointing trading update.

Disappointing results from Bank of America also weighed on banking stocks.

European chip makers will feel the pinch from a weak outlook from U.S. firm Texas Instruments. The company on Monday forecast results that fell short of Wall Street's expectations.