European Markets Lower; BP, UBS Hit By Results

European stock markets leaned south Tuesday as major banking- and energy-sector results hit stocks in those groups, while investors awaited the start of a two-day policy meeting at the U.S. Federal Reserve.

The Stoxx Europe 600 index fell 0.2% to 263.34, weighed upon by a 3.6% loss for BP PLC , which reported a 96% drop in adjusted profit.

Swiss bank UBS AG fell more than 3% after second-quarter results were hit by a big loss from the Facebook Inc.

initial public offering. The German DAX 30 index was flat at 5,686.05, with shares of pharmaceutical group Bayer AG up 1.3% as it lifted its outlook despite a decline in earnings. The French CAC 40 index fell 0.5% to 3,305.12, led by a 3.3% drop for Credit Agricole SA . The FTSE 100 index fell 0.1% to 5,684.91.

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