By RTT News, October 22, 2013, 07:07:00 AM EDT
(RTTNews.com) - European stocks are little changed on Tuesday, as investors digest a slew of earnings reports and await publication of the U.S. September non-farm payrolls report. The jobs report was delayed by more than two weeks due to the partial shutdown of the U.S. government.
The Asian markets turned in a mixed performance while trading in the U.S. index futures indicate a flat open ahead of earnings from companies such as DuPont, Travelers and United Technologies.
The Euro Stoxx 50 index of eurozone bluechip stocks is edging down marginally, while the Stoxx Europe 50 index, which includes some major U.K. companies, is rising 0.2 percent.
Around Europe, the German DAX is little changed with a negative bias, while France's CAC 40 is gaining 0.1 percent and the U.K.'s FTSE 100 is adding 0.2 percent.
Deutsche Bank is declining half a percent in Frankfurt on a Wall Street Journal report that the U.S. Commodity Futures Trading Commission has asked major currency dealing banks, including the German lender, to trawl through their records and hand over any evidence of wrongdoing related to possible currency-market manipulation.
Lufthansa Group shares are tumbling 3.2 percent. The aviation group said it expects operating profit to be in the range of 600 million euros to 700 million euros for the financial year 2013, including one-off restructuring costs of 200 million euros and project costs of 100 million euros.
Novartis is rising 1.4 percent in Zurich. The Swiss drug maker lifted its full-year profit forecast for a second quarter in a row, citing the failure of generic competition for its blood pressure drug Diovan.
KPN shares are climbing 2.3 percent in Amsterdam after the Dutch telecom giant reported a loss for its third quarter, hurt mainly by an impairment charge.
U.K.'s Reckitt Benckiser is rallying 5.2 percent in London after saying it is exploring options for its pharmaceuticals unit.
Chipmaker Arm Holdings is edging down 0.2 percent despite posting higher third-quarter profit, helped by 27 percent growth in revenues.
Shares of Renold Plc. are climbing more than 10 percent after the supplier of industrial chains and related power transmission products said it expects substantially better first-half underlying adjusted operating profit, and that its full-year result will be substantially ahead of current market expectations.
In economic news, the U.K. budget deficit narrowed to GBP 11.1 billion in September from GBP 12.1 billion seen in the corresponding period of last year, the Office for National Statistics reported. Public sector net borrowing excluding financial interventions came in below consensus of GBP 11.3 billion.
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