European stocks were mixed as investors weighed mixed data and
company news, but trade was cautious ahead of US jobs data.
The key monthly US jobs report is due on Friday. On Wednesday,
ADP jobs data showed 175,000 private-sector jobs were added in
January, missing Bloomberg's median estimate for 185,000.
Around the region, retail sales fell 1.6% in the euro zone in
December. November sales were revised sharply lower, to a gain of
0.9% from a prior 1.4% rise.
Markit said its composite Purchasing Managers Index for the euro
zone rose to 52.9 in January from 52.1 in December, signaling the
most rapid expansion since June 2011. However, the final January
reading was lower than the preliminary estimate of 53.2 released
U.K. services unexpectedly slowed last month. Data firm Markit
and the Chartered Institute of Purchasing & Supply's monthly
services purchasing managers index slipped to 58.3 in January from
December's 58.8, which was weaker than economists' forecasts of a
small gain to 59.0.
Activity in Spain's services sector increased at the fastest
pace in six-and-a-half years in January, with the first rise in
employment since February 2008.
In ADR news, ING Groep (
) was added to Credit Suisse Group's European focus list. Credit
Suisse said ING may announce new targets and a dividend policy at
its investor meeting March 31.
) posted a full-year sales gain after two years of falling
Novo Nordisk (
) rose after Nordea Bank AB said a recent study showed Sanofi's (
) Lantus insulin drug isn't superior to NVO's Victoza
Syngenta AG (
) reported full-year net income of $1.64 billion and sales of $14.7
billion. That missed estimates for profit of $1.7 billion and
revenue of $14.9 billion.
ArcelorMittal (MT) is upgraded to overweight from neutral at
The FTSE-100 was last up 0.13% at 6,457.89, the DAX down 0.13%
at x9,116.32 and the CAC-40 up 0.01% at 4,117.79.
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