Forex Pros - European stock markets were mixed on Wednesday, as market sentiment was weighed by renewed concerns over euro zone sovereign debt, while U.S. futures indexes pointed to an upbeat open on Wall Street.
During European morning trade, the EURO STOXX 50 dipped 0.17%, France's CAC 40 shed 0.24%, while Germany's DAX was down 0.12%.
Earlier in the day, Portuguese bond yields rose to the highest level since the single currency's debut, while Italian 10-year yields climbed above 5% for the first time since November 2008.
Shares in Italy's largest lender Unicredit dropped 1.7%, Spanish banking giant Banco Santander saw shares slump 1.2%, while Credit Agricole sank 1.9%.
Meanwhile, France's largest telecommunications company Alcatel-Lucent slumped 3.4% amid profit taking, after the stock climbed to a 1-year high on Tuesday.
In earnings news, shares in Europe's largest aerospace firm EADS jumped 3.3% after it said it swung to a profit of EUR553 million in the 2010 fiscal year, compared to a loss of EUR763 million a year earlier. 2010 revenue rose by 7% to EUR45.75 billion, boosted by higher commercial aircraft sales and better pricing.
Meanwhile, airliners were boosted by a retreat in oil prices. Europe's largest airliner Deutsche Lufthansa saw shares jump 2.2%, while Air France-KLM added 1.7%.
In London, the commodity heavy FTSE 100 declined 0.27% after Tullow Oil reported 2010 earnings that trailed market expectations.
Following the results, Tullow Oil saw shares drop 3%, rival British Petroleum was down 1.2%, while Royal Dutch Shell saw shares slump 1.05%.
However, shares in luxury automaker Rolls Royce advanced 2.8% after it said it would make an offer of USD4.45 billion for German engine manufacturer Tognum. The bid was being made via a joint venture with German automaker Daimler, which saw shares add 1.3%.
The outlook for U.S. equity markets, meanwhile, was mixed. The Dow Jones Industrial Average futures pointed to a gain of 0.13%, S&P 500 futures indicated a rise 0.10%, while the Nasdaq 100 futures shed 0.09%.
Later in the day, Germany was to publish official data on industrial production, while the U.S. was to release a report on wholesale sales.
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