Jan 08, 2013, 09.44 PM | Source: Reuters

Global shares tick lower ahead of earnings, euro steady

MARKETS-GLOBAL:Global shares tick lower ahead of earnings, euro steady

By Ryan Vlastelica

NEW YORK (Reuters) - Global shares fell on Tuesday, with U.S. investors cautious ahead of an earnings season expected to show sluggish growth in corporate profits.

European shares were flat as data showed the euro zone economy may be stabilizing, though at a weak level. The euro held steady while commodity markets were largely subdued as investors sat on recent gains.

Profits in the U.S. fourth quarter are seen above the previous quarter's lackluster results, but analyst estimates are down sharply from where they were in October. Quarterly earnings are expected to grow by 2.8 percent, according to Thomson Reuters data.

Alcoa Inc


video of the day

Dont see mkt going anywhere now; like Bharat Forge: Dipen

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.