European markets saw a mixed open on Wednesday as investors assessed numerous earnings releases and a hotter-than-expected U.K. inflation print.
The regional Stoxx 600 index was 0.06% higher in early deals following Tuesday's record close, while sectors and bourses were a mix bag.
Dutch healthcare technology group Philips dropped 7% at the open after missing sales growth expectations for the fourth quarter amid a double digit decline in China.
Earnings on Wednesday come from BAE Systems,Glencore,Rio Tinto, Koninklijke Philips
and Carrefour.Europe's largest lender HSBC earlier on Wednesday reported an annual pre-tax profit of $32.31 billion, marginally missing analysts' estimates, as the bank's net interest income declined by $3.1 billion from a year earlier.
The U.K.'s inflation rate rose to 3% in January, above the 2.8% forecast in a Reuters poll, according to data released by the Office for National Statistics (ONS) on Wednesday. Core inflation, excluding energy, food, alcohol and tobacco prices, hit 3.7%, up from 3.2% in the previous month and the highest rate since April 2024.
Asia-Pacific stocks were mostly lower overnight, breaking ranks with Wall Street that saw the S&P 500 close at a record high on Tuesday as investors appeared to look past tariffs and inflation headwinds.
U.S. stock futures were little changed early Wednesday.
Source: CNBC
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