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Shares in Europe and Asia mostly fell Thursday, dragged down by a decline in commodity-related stocks following disappointing Chinese data and a slide in oil prices Wednesday.

The Stoxx Europe 600 was down 0.4% in early trade. In Asia, Hong Kong's Hang Seng Index declined 1%, while the Nikkei Stock Average was down 0.3%.

Brent crude oil prices were roughly flat at $51.05 a barrel after hitting a three-week low Wednesday on concerns that an agreement from the Organization of the Petroleum Exporting Countries to cut production may not materialize. Data showing a sharp fall in Chinese industrial profit growth in September from the previous month also weighed on sentiment.

In Europe, shares in Deutsche Bank AG rose 0.6% after the embattled German lender posted an unexpected profit and set aside more cash to cover litigation costs. Shares in Barclays PLC were up 0.7% after the lender reported roughly flat net profits in the third quarter compared with the previous year as well as a sharp bump in fixed income revenue.

Investors will focus on the release later of third-quarter growth domestic products figures from the U.K., which will provide a crucial glimpse into the performance of the British economy following its vote to leave the European Union in June. The pound fell 0.3% against the dollar to $1.2205 recently, taking losses for the month to around 6%.

Futures markets pointed to a small opening loss on Wall Street after the Dow Jones Industrial Average closed higher Wednesday. Company earnings season remains in full swing, with results expected later from Ford Motor Co. before the U.S. open and Google parent Alphabet Inc. after the close.

Willa Plank contributed to this report

Write to Christopher Whittall at christopher.whittall@wsj.com

(END) Dow Jones Newswires

October 27, 2016 04:15 ET (08:15 GMT)

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