European markets closed slightly above the flatline Tuesday, having struggled to build on positive momentum seen at the end of last week.
The pan-European Stoxx 600 index ended the day up 0.2%, with basic resources adding 3.4% to lead gains while health care slid 0.6%.
Elsewhere, U.S. stocks were mostly lower Tuesday morning after all three major averages gained during the previous trading session.
Stocks in Asia-Pacific struggled to get off the ground Tuesday despite the positive rally on Wall Street.
Sonova drops 15%
Switzerland's Sonova fell to the bottom of the Stoxx 600 in mid-afternoon trade, dropping 15%, following the release of its financial results Tuesday. The manufacturer of hearing care products revised its outlook for the year ahead due to subdued market conditions and higher-than-expected component and freight costs.
Hearing health company Demant also fell more than 10% after the release of its half-year results Tuesday.
— Karen Gilchrist
Dow rises, S&P 500 and Nasdaq slip
The Dow rose 34 points on Tuesday, or 0.1%, led by gains from Walmart and Home Depot, which jumped more than 1% and 5%, respectively. The S&P 500 slipped 0.14%, while and Nasdaq Composite edged 0.44% lower.
— Samantha Subin
Delivery Hero up 6% on rosy third-quarter outlook
Shares of Delivery Hero were up more than 6% by mid-afternoon in Europe, after the German online takeaway company offered an optimistic third-quarter outlook, while confirming its preliminary figures for the second quarter.
The company forecasts gross merchandise value (GMV) growth of 7% quarter-on-quarter to total 10.6 billion euros ($10.75 billion).
- Elliot Smith
UK real wages decline at record rate as inflation soars
U.K. real wages, which reflect the power of employee's pay after accounting for inflation, fell by an annual 3% in the last quarter, according to data released by the Office of National Statistics on Tuesday.
While average pay — excluding bonuses — increased by 4.7% in the April to June period, according to the ONS, the cost of living is increasing at an even faster rate and outpacing wage growth.
Darren Morgan, ONS director of economic statistics, said this was affecting how far wages go in the day-to-day life of workers.
- Sophie Kiderlin
Sonova shares down 14% after guidance cut
Sonova Holding shares plunged more than 14% in early trade after the world's largest hearing aid manufacturer cut its full-year guidance for 2022/23, citing a subdued market environment and continual input cost pressures.
The Swiss company is now projecting consolidated sales growth of between 15% and 19%, down from a previous target of 17% to 21%. Full-year adjusted EBITA growth is now expected in the range of 6% to 10%, versus 12% to 18% previously.
- Elliot Smith
BHP posts highest profit in 11 years; shares climb
BHP Group posted a larger-than-expected 26% rise in annual earnings on the back of price surges in coal and other commodities.
The world's biggest miner reported $21.3 billion in earnings for the year ended June 30, its highest since 2011, and announced a record dividend worth $16.3 billion.
The company also refused to rule out a second bid for copper and nickel miner OZ Minerals, having had a $5.8 billion offer rebuffed earlier this month.
BHP shares were up 3.9% during early trade in London.
— Elliot Smith
CNBC Pro: Tesla's valuation doesn't make sense until it hits this level, fund manager says
Anglo-Australian miner BHP soars after posting its second-biggest profit in history
Anglo-Australian miner BHP shares soared 3.80% after posting its second-biggest profit in history and a record dividend worth $16.3 billion.
Its full-year results ending 30 June have beaten expectations.
BHP Chief Executive Mike Henry said BHP enters the 2023 financial year "in great shape strategically, operationally and financially."
He also expects China to "emerge as a source of stability for commodity demand in the year ahead, with policy support progressively taking hold."
"At the same time, we expect to see a slowdown in advanced economies as monetary policy tightens, as well as ongoing geopolitical uncertainty and inflationary pressures," he said in a press release.
"The direct and indirect impacts of Europe's energy crisis are a particular point of concern. Tight labor markets will remain a challenge for global and local supply chains."
- Su-Lin Tan
CNBC Pro: Strategist names the global stocks to buy despite slowing growth
There are pockets of "compelling value" in three sectors — even amid an economic slowdown, said Patrick Armstrong, chief investment officer at Plurimi Group.
These sectors are "incredibly cheap," he told CNBC's "Squawk Box Europe," naming his favorite stocks and explaining why he likes them.
— Weizhen Tan