European equities slipped into negative territory on Wednesday, while U.S. stock futures stabilized, as investors weighed up earnings news and concerns over the pandemic.
The Stoxx Europe 600 index
fell 0.2%, after snapping a three-session win streak on Tuesday with a 0.6% decline. The German DAX
was flat and the French CAC 40
eased 0.1%. The euro EURUSD was steady.
The FTSE 100
rose 0.3%, getting boost from Brexit worries that were sending the British pound
lower. Sterling dropped 0.5% to $1.2908 ahead of Thursday’s deadline set by the EU and the U.K. for Brexit negotiations.
U.S. stock futures
were modestly higher, though Nasdaq-100 futures
rose 0.5%. Stocks finished lower on Tuesday after some U.S. drugmakers reported setbacks for their COVID-19 vaccine candidates.
Coronavirus concerns and stalled talks in Congress for another stimulus package have overshadowed earnings news, which continues on Wednesday, with financials Goldman Sachs
and Bank of America
In Europe, shares of travel-related stocks were under pressure as the U.K.’s new three-tier COVID-19 restrictions
In European earnings news, shares of ASML Holding
fell over 2% after the Dutch maker of semiconductor equipment reported a sharp rise in third-quarter net profit, but cautioned of uncertainties ahead due to the macroeconomic environment.
Just Eat Takeaway
shares climbed 4% . The food-delivery service’s third-quarter order growth expanded further to 46.1% and its investment program appears to be paying off, said Giles Thorne, equity analyst at Jefferies.