European and U.S. stock markets fell modestly Wednesday after big gains the previous day as investors prepared for the start of the third-quarter corporate reporting season.
The FTSE 100 index of leading British shares closed down 29.08 points, or 0.6 percent, at 5,108.90 while Germany's DAX fell 16.89 points, or 0.3 percent, to 5,640.75. The CAC-40 in France was 13.8 points, or 0.4 percent, lower at 3,756.41.
On Wall Street, the Dow Jones industrial average was 24.19 points, or 0.3 percent, lower at 9,707.06 around midday New York time, while the broader Standard & Poor's 500 index fell was down less than a point at 1,054.36.
Following two …

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