European Factors to Watch-Equity futures fall, Apple may impact tech stocks
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LONDON, April 27 (Reuters) - European equity futures fell on Wednesday, with several leading banks posting a fall in profits, while technology stocks may come under pressure after Apple reported its first-ever decline in iPhone sales.
Futures on the Euro STOXX 50, Germany's DAX France's and Britain's FTSE were all down between 0.2-0.3 percent.
On Tuesday, Apple posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market.
The company's sales dropped by more than a quarter in China, its most important market after the United States, and it also forecast another disappointing quarter for global revenues.
In the banking sector, Barclays, Santander and SEB all reported lower profits.
Investors will also be focusing on a U.S. Federal Reserve meeting later in the day.
While the Fed is expected to hold interest rates steady, it could also take a more upbeat view on the economy, keeping the way open for future rate rises.