By Investors Hub
European stocks have given up early gains to turn mostly lower on Tuesday as investors gear up for the US earnings season and looked ahead to testimony from Fed chair Janet Yellen this week for clues on the timing of the next U.S. rate hike.
While the German DAX Index is up by 0.2 percent, the French CAC 40 Index is down by 0.3 percent and the U.K.’s FTSE 100 Index is down by 0.8 percent.
Adecco shares have come under pressure after analysts at Deutsche Bank cut their rating on the Swiss staffing firm.
Pearson shares have plunged as the British publishing and education company announced an agreement to sell a 22 percent stake in the Penguin Random House Venture.
Retailer Marks & Spencer Group has also tumbled after reporting a decline in quarterly sales on a like-for-like basis, weighed down by its troubled clothing business.
On the other hand, Danish insurer Tryg has climbed after its second quarter profit beat estimates. JCDecaux has also moved higher on news the French outdoor advertising firm has bagged the 10-year exclusive advertising concession for the Sao Paulo Guarulhos international airport.
German travel and tourism firm TUI has advanced after selling its remaining 8.5 million shares in Hapag-Lloyd for 244.4 million euros.
Dipo Olowookere 
Adedapo Adesanya