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European Stocks Fall; Dax Tumbles Amid Losses Across Industry Sectors

European markets fell on Tuesday after a slew of large-cap earnings reports fed uncertainty about the corporate outlook.

Mining stocks also declined after copper slipped and the Caixin Chinese purchasing managers' index for the manufacturing sector unexpectedly fell in April.

In London, the FTSE 100 was recently down 0.64% at 6,201.83, with Anglo American and Glencore among the decliners.

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In Frankfurt, the DAX sank 1.45% to 9,976.86 amid a cross-sector parade of disappointing earnings updates. In Paris, the CAC 40 shrank 1.14% to 4,392.07.

S&P 500 mini futures were recently down 0.54%.

It was a mixed day for banking stocks.

UBS (UBS - Get Report) fell almost 6% in Zurich after a disappointing turnout from its wealth management division pushed first-quarter net profit down more than expected. Wealth management is the bank's favored unit as, in common with many European peers, it pares back its investment banking operations.

In Frankfurt, Commerzbank (CRZBY) plunged about 6% after...