Traders are watching earnings and epidemic concerns as European stocks and US equity futures rise.


On March 12, 2020, in Liverpool, in the north-west of England, members of the public were advised to “maintain social distance”.

Paul Ellis / France Press Agency / Getty Images

European equities tumbled to an inch from early losses on Wednesday, while US stock futures also rose as investors worried about earnings news and the COVID-19 epidemic.

Stoxx Europe 600 Index SXXXP,
-0.17%
After breaking a three-season winning streak on Tuesday with a decline of 0.6%, adopted 0.2%. German DAX DAX,
-0.26%
And French CAC 40 PX1,
-0.31%
Increased 0.1%. Euro EURUSD was stable.

FTSE 100 UKX,
-0.17%
0.4%, Brexit worries boosted by sending pound GBPUSD,
+ 0.10%
Lower sooner. U.S. And sterling stabilized at $ 1.2927 ahead of Thursday’s deadline for Brexit talks by the European Union.

U.S. Stock futures were ES00, following the rally
-0.16%

YM100,
-0.04%,
Nasdaq-100 futures rose about 0.3% across the board, including the NQ100.
-0.05%.
Some U.S. Shares fell to lower levels on Tuesday after drug manufacturers reportedly shocked their COVID-19 vaccine candidates.

Negotiations stalled in Congress for a coronavirus concern and other stimulus package have overshadowed the earnings news, which continues on Wednesday, with financial Goldm Sachs Sachs GS,
-1.54%
And Bank of America BAC,
-2.84%
Report.

In Europe, shares of travel-related stocks were under pressure due to England’s new three-tier COVID-19 restrictions.

Shares of International Consolidated Airlines IAG.
-3.07%,
Dutshe Lufthansa LHA,
-2.66%,
And Rainier RY4C,
-1.01%
All fell 3% or more.

In European earnings news, ASML shares ASML holding ASML,
-1.23%

ASML,
+ 1.53%
The Dutch manufacturer of semiconductor equipment fell sharply to 2% after a sharp third-quarter net profit, but cautioned against uncertainties due to the macroeconomic environment.

Shares of TOM2,
+ 0.28%
The Dutch navigational systems maker posted a net loss in the broader third quarter and rose 0.5% after warning of a sharp decline in full-year revenue.

Take Takeway TKWY, Just
+ 5.28%
The shares rose 4%. Giles Thorne, an equity analyst at Jefferies, said the food-delivery service’s order growth in the third quarter was a further 46.1% and its investment program looks set to pay off.

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