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European Shares Set for Mixed Open

European shares were set to open mixed on Wednesday with investors set for another busy earnings day, oil at near-record levels and the dollar continuing its rise against the euro.

Bookmakers expected Britain's FTSE 100 to open down 12 to 17 points, Germany's DAX up 3 to down 11 points and France's CAC up 4 to down 7 points.

Investors should get a clear picture of the impact of the credit crunch on European companies as firms ranging from aerospace and defense group EADS to bank BNP Paribas report.

Techs will continue to be in focus on news that investor Carl Icahn was considering launching a proxy fight for Yahoo after takeover talks between Yahoo and Microsoft were abandoned.