Tuesday, European stocks opened lower, recent European shares rose to a new high in the past 22 months in the fourth quarter of 2012, before the arrival of the earnings season, investors traded cautiously.
European stocks benchmark Stoxx 600 index fell 0.1% to 286.15 points; German DAX 30 index fell 0.3 percent at 7,709.45 points; France's CAC 40 index fell 0.3%, to 3,695.11 points; FTSE 100 The index fell 0.1 percent at 6,056.40 points.
Taro Aso, Japan's finance minister said Tuesday it will use some of its foreign reserve to buy the bonds of the European Financial Stability Mechanism "(ESM), the stability of the European financial markets, help stabilize the yen. The first round of buying may be on the evening of Tuesday trading.
By the yen decline blocked and profit-taking and other factors affect the the 8th Tokyo stock market Nikkei 225 stock average price index fell by 0.86% compared with the previous trading day.
Overnight U.S. stocks fell, corporate earnings in the fourth quarter, the market focus shifted to avoid the risk of "financial cliff". Several influential large enterprises will be released this week the results of the last three months of 2012.
Alcoa (AA) will report earnings after the closing bell Tuesday, as the earnings season kicked off. Apollo Group (APOL), Texas Industries (TXI) and Wells Fargo (WFC) will report results this week.
The fourth quarter earnings report is particularly important, because the listed company will describe the performance of the whole year in earnings. Investors will benefit from the earnings aware of the financial cliff like many business leaders and economists expected a negative impact to business operations
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