European stock markets were mixed late Tuesday, after paring most losses amidst disappointing results from major companies. - Stoxx 600 lost 0.20 percent or 0.63 points to 317.58 after earlier dropping as much as 0.8 percent. - Stoxx 50 dropped 0.05% to 2962.49 The Stoxx 600 has fallen 5.3 percent from its six-year high on Jan. 22 as a rout in emerging-market currencies spurred concern the global economic recovery is faltering, while the Federal Reserve went on slowing the pace of its bond buying. A U.S. report showed actory orders fell 1.5 percent in December, less than economists had forecast. In the U.K. , construction expanded at the fastest pace since August 2007 last month, Markit Economics figures showed. Corporate News ARM fell 6 percent after royalty revenue came in below forecasts. Although this was offset by an increase in new licence sales to deliver broadly in-line results, analysts at Liberum raised concerns over the trend. Dutch KPN fell 4.5 percent after reporting lower-than-expected profit on the back of a revenue squeeze. Banks bucked the trend after UBS announced a higher-than-expected profit and dividend, sending its shares up 5.6 percent. UBS added 5.5 percent to 18.41 Swiss francs . The bank reported net income of 917 million francs ( $1.02 billion ), double the 442 million-franc average estimate of 12 analysts surveyed by Bloomberg . UBS recorded a 470 million-franc tax gain in the quarter. Banco Comercial Portugues SA advanced 11 percent to 18 euro cents. Banco Espirito Santo SA upgraded the shares to buy from neutral after Portugal's biggest non-state-owned bank by assets reported earnings. -The British FTSE 100 lost 0.25% or 16.39 points to 6449.27 -The French CAC 40 gained 0.24% or 9.7 to 4117.45 - Frankfurt's DAX 30 lost 0.64% or 58.61 points to 9127.91
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