Investing.com – European stocks were mixed after the open on Wednesday, as earnings reports continued to feature heavily; meanwhile U.S. futures indexes pointed to a higher open on Wall Street.
During European morning trade, the EURO STOXX 50 was down 0.06%; France’s CAC 40 shed 0.10%; while Germany's DAX gained 0.08%.
In earnings news, Swedish defense and aerospace group Saab saw its shares plunge 6.05% after cutting its outlook for the fourth quarter, despite reporting better-than-expected third quarter earnings.
Meanwhile, Dutch satellite navigation equipment maker TomTom saw its shares fall 1.09% after it said third quarter net income fell more-than-expected. Earnings in the third quarter fell to EUR 19 million, down from EUR 31 million from a year earlier.
But shares in French automaker PSA Peugeot Citroen rose 0.73% after it said third quarter revenue rose by 10.3%, beating analysts’ expectations. The company also lifted its 2010 forecasts, citing “improved visibility and recent performance.”
Elsewhere in the auto sector, shares in German automakers Daimler jumped 1.35% while Renault SA saw its shares climb 1.30% and shares in BMW rose 0.83%.
In London, the commodity-heavy FTSE 100 added 0.10%, as miners led gains after metal prices rebounded. Shares in BHP Billiton, the world’s largest mining group, rose 1.11%, rivals Rio Tinto jumped 1.27%, while Anglo American saw its shares climb 1.04%.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from investment banks Morgan Stanley and Wells Fargo and from eBay.
Dow Jones Industrial Average futures indicated an increase of 0.18%, S&P 500 futures pointed to a rise of 0.32% and Nasdaq 100 futures indicated a gain of 0.44%.
Later in the day, the U.S. Federal Reserve was to release its Beige Book, a summary of the data the bank examines before setting the benchmark interest rate.
During European morning trade, the EURO STOXX 50 was down 0.06%; France’s CAC 40 shed 0.10%; while Germany's DAX gained 0.08%.
In earnings news, Swedish defense and aerospace group Saab saw its shares plunge 6.05% after cutting its outlook for the fourth quarter, despite reporting better-than-expected third quarter earnings.
Meanwhile, Dutch satellite navigation equipment maker TomTom saw its shares fall 1.09% after it said third quarter net income fell more-than-expected. Earnings in the third quarter fell to EUR 19 million, down from EUR 31 million from a year earlier.
But shares in French automaker PSA Peugeot Citroen rose 0.73% after it said third quarter revenue rose by 10.3%, beating analysts’ expectations. The company also lifted its 2010 forecasts, citing “improved visibility and recent performance.”
Elsewhere in the auto sector, shares in German automakers Daimler jumped 1.35% while Renault SA saw its shares climb 1.30% and shares in BMW rose 0.83%.
In London, the commodity-heavy FTSE 100 added 0.10%, as miners led gains after metal prices rebounded. Shares in BHP Billiton, the world’s largest mining group, rose 1.11%, rivals Rio Tinto jumped 1.27%, while Anglo American saw its shares climb 1.04%.
The outlook for U.S. equity markets, meanwhile, was upbeat ahead of earnings reports from investment banks Morgan Stanley and Wells Fargo and from eBay.
Dow Jones Industrial Average futures indicated an increase of 0.18%, S&P 500 futures pointed to a rise of 0.32% and Nasdaq 100 futures indicated a gain of 0.44%.
Later in the day, the U.S. Federal Reserve was to release its Beige Book, a summary of the data the bank examines before setting the benchmark interest rate.