European stocks shook from early losses to inches higher on Wednesday, while US stock futures also rose as investors weighed news of gains and fears of the COVID-19 pandemic.
Stoxx Europe 600 Index XX: SXXP
rose 0.2% after taking three series of victories on Tuesday with a decline of 0.6%. The German DAX DX: DAX
and the French CAC 40 FR: PX1
increased by 0.1%. The EURUSD was stable.
FTSE 100 UK: UKX
rose 0.4%, boosting worries about Brexit sending the GBPUSD pound
lower earlier. Sterling reached $ 1.2927 before Thursday’s deadline set by Britain and the European Union for Brexit talks.
On a firmer basis were US futures for shares SP 500 FUTURES
up to about 0.3%, including Nasdaq-100 futures NASDAQ 100 FUTURES.
Stocks ended lower on Tuesday after some U.S. drugmakers reported failures on their candidates for the COVID-19 vaccine.
Concerns about the coronavirus and interrupted talks in Congress on another stimulus package overshadowed news of revenue, which continues Wednesday, with Goldman Sachs GS finances
and Bank of America BAC
In Europe, travel-related stocks were under pressure as the new three-tier restrictions on COVID-19 in England
Shares of International Consolidated Airlines UK: IAG,,
Deutsche Lufthansa XE: LHA,,
and Ryanair IE: RY4C
all fell by 3% or more.
In European revenue news, shares of ASML Holding NL: ASML
fell more than 2% after the Dutch semiconductor maker reported a sharp rise in net profit for the third quarter, but warned of uncertainty ahead due to the macroeconomic environment.
Shares of TomTom NL: TOM2
rose 0.5% after the Dutch manufacturer of navigation systems reported a higher net loss for the third quarter and warned of a sharp drop in revenue throughout the year.
Just eat food at home NL: TKWY
shares rose 4%. Growth in food supply orders for the third quarter rose further to 46.1% and the investment program appears to be paying off, said Giles Thorne, a stock analyst at Jefferies.