European stock and US equity futures increase as traders see earnings and epidemic concerns


On October 12, 2020, a street sign in Liverpool, northwest England, advises members of the public to “maintain social distance”.

Paul Ellis / Agnes France-Presse / Getty Images

European equities exceeded initial losses on Wednesday, while US stock futures also rose, as investors weighed concerns over earnings news and the COVID-19 epidemic.

Stoxx Europe 600 Index SXXP,
+ 0.24%
After a three-season win streak on Tuesday, it fell 0.2% to a 0.2% drop. German DAX DAX,
+ 0.23%
And French CAC 40 px 1,
+ 0.21%
Rose 0.1%. The euro EURUSD was stable.

FTSE 100 UKX,
+ 0.39%
Brexit concerns sending pound GBPUSD rose 0.4%,
+ 0.02%
First less. Sterling reached $ 1.2927 ahead of Thursday’s deadline set for Brexit talks by Britain and the European Union.

US stock futures on firmer footing were ES00,
+ 0.24%

YM00,
+ 0.22%,
About 0.3% across the board, including the Nasdaq-100 Futures NQ00
+ 0.18%.
Stocks plummeted on Tuesday after some US drug makers reported failures for their COVID-19 vaccine candidates.

Coronovirus concerns and halted talks in Congress for another stimulus package emphasized the earnings news, which continues on Wednesday, including Goldman Sachs GS.
-1.54%
And Bank of America BAC,
-2.84%
Reporting.

In Europe, there was pressure on shares of travel-related shares under England’s new three-tier COVID-19 restrictions

International Consolidated Airlines IAG Shares,
-0.69%,
Deutsche Lufthansa LHA,
-1.89%,
And Ryanair RY4C,
-1.18%
All fell by 3% or more.

In European earnings news, ASML Holding shares of ASML,
-0.88%

ASML,
+ 1.53%
The Dutch manufacturer of semiconductor equipment fell more than 2% after the third quarter reported a sharp increase in net profit, but wary ahead of uncertainties due to the macroeconomic environment.

TomTom TOM2 shares,
+ 4.76%
The Dutch shipping system grew 0.5% after the manufacturer reported extensive third-quarter net loss and warned of a sharp decline in full-year revenue.

Just Eat Takeaway TKWY,
+ 5.08%
Shares climbed 4%. Jefferies’ equity analyst Giles Thorne said that food-delivery service growth in the third quarter grew by 46.1% and its investment program was closing.

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