European Stock Futures Mixed; Earnings Season Continues By Investing.com – Investing.com

European Stock Futures Mixed; Earnings Season Continues By Investing.com – Investing.com

© Reuters.

By Peter Nurse 

Investing.com - European stock markets are seen opening in a mixed fashion Wednesday, stabilizing after the week’s volatile start with the earnings season continuing and ahead of a policy meeting by the European Central Bank.

At 2:10 AM ET (0605 GMT), the contract in Germany traded 0.1% lower, while in France climbed 0.3% and the contract in the U.K. rose 0.2%.

Stock indices in Europe closed higher Tuesday, with the up 0.6%, the up 0.8% and the 0.5% higher, rebounding after Monday’s sharp losses after fears the recent surge of Covid-19 cases will derail the global economic recovery.

The story was similar on Wall Street, with the blue chip gaining around 550 points on Tuesday as investors reassessed Monday’s slump of more than than 700 points.

While the uncertainty caused by the increase of global coronavirus injections, caused mainly by the highly-transmissible delta variant, remains, investors are also turning their eyes towards the quarterly earnings season.

Julius Baer (SIX:) is likely to be in the spotlight Wednesday after the Zurich-based wealth manager posted a 23.4% rise in half-year net profit to 606.0 million Swiss francs