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,
After a three-season win streak on Tuesday, it fell 0.2% to a 0.2% drop. German DAX DAX,
And French CAC 40 px 1,
Rose 0.1%. The euro EURUSD was stable.
FTSE 100 UKX,
Brexit concerns sending pound GBPUSD rose 0.4%,
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,
About 0.3% across the board, including the Nasdaq-100 Futures NQ00
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.
And Bank of America BAC,
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,
Deutsche Lufthansa LHA,
And Ryanair RY4C,
All fell by 3% or more.
In European earnings news, ASML Holding shares of ASML,
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,
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,
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.