Global Markets Update: Weak Earnings Weigh on European Shares

5:10 AM ET Thu, 2 Feb 2012

US futures point to a mixed picture on Wall Street after strong gains yesterday. European shares turned negative as some weaker-than-expected results from heavyweights such as Unilever offset the benefits of merger talks between miner Xstrata and commodities trader Glencore. However Asian shares ended higher as encouraging manufacturing data soothed fears about the global economic fallout from the euro zone debt crisis.