European Stock Futures Mixed; SocGen Earnings Help Tone By Investing.com – Investing.com

European Stock Futures Mixed; SocGen Earnings Help Tone By Investing.com – Investing.com

© Reuters.

By Peter Nurse

Investing.com -- European stock markets are expected to open in a mixed fashion Tuesday, with investors balancing strong corporate banking results with concerns about a further Chinese regulatory clampdown.

At 2 AM ET (0600 GMT), the contract in Germany traded 0.4% higher, in France climbed 0.1%, while the contract in the U.K. fell 0.1%.

Helping sentiment in the European equity markets Tuesday were some strong results in the banking sector. 

French bank Societe Generale (OTC:), the country’s third-largest lender, raised its forecast for the full year after it swung back to a profit in the second quarter, helped by a rebound in its French retail banking business. 

Additionally, Standard Chartered (OTC:) posted a better-than-expected 57% jump in its first-half pretax profit while also announcing a $250 million share buyback and resumed interim dividend payments, as it benefited from an economic recovery from the coronavirus pandemic.

Elsewhere, BMW (DE:) posted a better-than-expected second-quarter net profit versus a loss in the same period in 2020 when the German luxury carmaker was hit hard by the coronavirus pandemic.

Sanofi (NASDAQ:) will also be in the spotlight after the French drugmaker confirmed it