European stocks waver, futures slip

European stocks waver, futures slip

Stocks















Bloomberg

Stocks in Europe trimmed an advance on Thursday amid mixed corporate earnings, while US futures slipped as traders await key US inflation data that may shape views on how aggressively the Federal Reserve will tighten monetary policy.

The Stoxx Europe 600 index was little changed after paring a gain of as much as 0.5%. Siemens AG jumped as much as 7% after reporting better-than-expected earnings, while upbeat results also lifted AstraZeneca, Societe Generale and Pernod Ricard. Unilever falls more than 4% after warning inflation will erode profits for next two years, while Delivery Hero slumped 16% after

underwhelming guidance.

S&P 500 and Nasdaq 100 futures drifted lower following a broad Wall Street rally spurred by the technology sector. Uber Technologies Inc. and Walt Disney Co. gained in late US trading on robust earnings, with Twitter Inc. still to report on Thursday. Asian stocks made modest gains.

Treasury yields were steady and the dollar was little changed, while bond yields in Europe ticked higher. Oil’s rally stalled just below $90 a barrel and gold held at a two-week high on haven demand amid risks from the inflation and geopolitical tension.

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