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Glencore shrinks production estimates, sinking Europe markets

Mega-miner Glencore PLC’s cuts to its production guidance sank European markets Tuesday, dragging down fellow miners in the process.

How did markets perform?

The Stoxx 600 SXXP, -0.17% was down 0.1% to 390.8, giving back Monday’s 0.1% gain.

The U.K.’s FTSE 100 UKX, -0.19% retreated 0.3% to 7,422.2 after posting a 0.2% gain Monday.

The pound GBPUSD, +0.4639% was up 0.3% to $1.2974. It had ticked down 0.1% Monday.

France’s CAC 40 PX1, -0.36% had also gained 0.2% Monday. On Tuesday, it fell back 0.4% to 5,560.

In Germany, the DAX DAX, -0.05%DAX, +0.00% was down 0.1% to 12,315.2 reversing Monday’s 0.1% climb.

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