European Stocks Set to Open Up, Results in Focus


European shares are set to open higher on Thursday as investors wade into a deluge of corporate earnings featuring, among others, SAP, Nokia and Novartis.

SAP said it expected to reach the upper end of its forecast range for full-year software and software-related service revenues after broadly meeting market expectations with its third-quarter results.

Software sales rose 11 percent in the third quarter to 715 million euros ($1.01 billion), the company said on Thursday, bang in line with forecasts and confirming a quarter of robust IT demand reported by other technology companies.

Financial bookmakers in London expected the FTSE 100 to open up 5 to 12 points, Germany's DAX up 12 to 21 points and France's CAC 40 up 6 to 10 points.