European markets flat with earnings and the Middle East in focus

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European markets were muted, with corporate earnings season getting underway as investors continue to assess the turmoil in the Middle East.

LONDON — European markets were muted on Tuesday, with corporate earnings season getting underway as investors continue to assess the turmoil in the Middle East.The European blue chip index closed Monday's session 0.2% higher, but futures point to marginal declines at Tuesday's open.climbed overnight, with South Korea's Kospi index leading the way among major indexes while Australian stocks advanced as investors assessed minutes from its central bank's latest policy meeting.

Annual growth in private sector pay, a key measure in determining the persistence of inflation, fell from 8.1% to 8% in the three months to the end of August. "Two years of high inflation combined with our long-term productivity challenges have left their mark on living standards. We expect to close the year with real pay lower than where it was in 2006," Finney said.

Job vacancies in the three months to September fell to 988,000 from 998,000 in the three months to August, while provisional employer payroll data showed 11,000 fewer payrolled employees in September than the previous month.

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