Troubles in debt-crunched Europe and weakness in the U.S. have been continuing themes for companies reporting second-quarter results so far.
In Europe, markets were mixed in the face of more grim economic news. In the U.K., the Bank of England slashed its 2012 growth forecast to zero from 0.8 percent projected in May. A year ago, the bank was forecasting growth of 2 percent for the year.
And in Germany, exports fell in the month of June, dragged down by declining sales to euro zone countries. Exports were 1.5 percent lower than in May, according Germany's federal statistics office. The Bank of France, meanwhile, has predicted that the economy will contract by 0.1 percent in the quarter from July to September, tipping the country back into recession.
The CAC 40 in Paris was down 0.4 percent to 3,438.26, followed by the DAX in Frankfurt, which sank 0.03 percent to 6,966.15. The FTSE 100 in London and the FTSE MIB in Milan were both up 0.1 percent to 5,845.92 and 14,665.30, respectively.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)