Europe struggles for direction, earnings mixed
STOXX 600 flat
Deutsche Bank, L'Oreal fall after earnings
Wall St futures lower
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EUROPE STRUGGLES FOR DIRECTION, EARNINGS MIXED
European equities are mixed on Wednesday, after several corporate reports, with markets remaining on edge as the U.S. election enters its final stages.
The pan-European STOXX 600 .STOXX is trading flat after a 0.2% drop on Tuesday. Germany's DAX .GDAXI, Britain's FTSE .FTSE and France's CAC .FCHI are down 0.3% to up 0.1%.
On a sector basis, autos and parts .SXAP leads the way, up 0.9%, despite Volvo Car VOLCARb.ST cautioning on its outlook due to a market slowdown.
Defensive sectors, such as utilities .SX6P and food and beverages .SX3P are also edging up.
On the corporate side, it's a mixed start for the region's banks.
Deutsche Bank DBKGn.DE shares are down around 3% after results, with JPMorgan noting the ailing German economy has started to impact revenues.
Scandinavian banks are having a better day with Swedbank SWEDa.ST and Handelsbanken SHBa.ST both up over 5% after results.
Elsewhere, L'Oreal OREP.PA is down 4% after sales missed forecasts, WPP WPP.L is up 4.5% after it returned to growth in the third quarter and Thule THULE.ST tops the STOXX 600 after its Q3 results beat estimates.
Here's your opening snapshot:
(Samuel Indyk)
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WEDNESDAY'S OTHER LIVE MARKETS POSTS:
EUROPE BEFORE THE BELL: FUTURES DIP AFTER RAFT OF EARNINGS CLICK HERE
ELECTION AND FED JITTERS GRIP MARKETS CLICK HERE
Harris vs. Trump: Reuters/Ipsos US presidential poll tracker https://reut.rs/4814CgV
European shares mixed https://reut.rs/3C4Dv8G
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