European markets closed mixed Wednesday amid a slew of earnings both in the U.S. and Europe.
The pan-European Stoxx 600 index ended little changed from the previous session, with sectors pointing in opposite directions. Mining stocks rose 0.9% to lead gains, while retail stocks fell 1.3%.
Deutsche Bank shares provisionally ended over 8% higher. Germany's biggest lender on Wednesday reported a third-quarter net profit of 1.031 billion euros ($1.06 billion), beating expectations despite an 8% fall on the previous year and ongoing struggles in the lender's investment unit.
Banking stocks fell Tuesday as Barclays warned of cost-cutting charges.
Earnings are also out from Heineken, AkzoNobel, Lloyds Banking Group and Carrefour. In the U.S. last night, shares of Microsoft jumped after stronger-than-expected results in the fiscal first quarter, while Alphabet shares tumbled as its cloud business missed analysts' estimates.
In Asia-Pacific, markets were mixed as investors in the region assessed Australia's third-quarter inflation figures.
On Tuesday, European markets snapped a five-session losing streak, with traders digesting the latest euro zone business activity data.
Europe stocks close mixed
European stocks on Wednesday closed little changed from the previous session, amid a flurry of corporate earnings both in the U.S. and Europe.
The pan-European Stoxx 600 ended 0.04% higher, with sectors pointing in opposite directions.
— Sam Meredith
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Kering shares dip 3% to 2020 low amid mixed picture for luxury
Revenue fell 13% to 4.46 billion euros ($4.72 billion).
CEO François-Henri Pinault said there had been "softening demand across the luxury industry."
The sector faces concerns over slower consumer spending, particularly in China and the United States.
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European markets: Here are the opening calls
European markets are set to open higher Thursday.
The U.K.'s FTSE 100 index is expected to open 9 points higher at 7,627, Germany's DAX up 13 points at 17,608, France's CAC 9 points higher at 7,958 and Italy's FTSE MIB up 9 points at 32,689, according to data from IG.
Earnings are set to come from AF-KLM, Veolia, Adecco Group, EDP, IAG, Ocado, ITV, Man Group, Schroders, Covestro and Anheuser-Busch InBev. Data releases include French and German inflation figures for February.
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