European equities FTSE,CAC and DAX were down

[gnutrade.satya]

European equities like the FTSE , CAC and DAX were down as investors continued to dump banking shares on mounting fears of a domino effect in the euro zone after Ireland's bailout.
David Thebault, head of quantitative sales trading at Global Equities in Paris said: "There's such a distrust in the euro zone. Long-only investors are turning to German industrial stocks and equities in emerging economies. The only good thing in this crisis for European stocks is the weakening euro."
On the upside, mining stocks gained ground on Tuesday, rising along with metals prices on persistent concerns about supply tightness.