Dipo Olowookere
By Investors Hub
European stocks are little changed in lacklustre trading on Wednesday as mixed earnings results, falling bond yields and rising geopolitical tensions between Riyadh and Tehran kept investors on tenterhooks.
While the French CAC 40 Index is down by 0.2 percent, the UK’s FTSE 100 Index and the German DAX Index are both nearly unchanged.
ABN AMRO has shown a notable move to the downside as the Dutch bank reported a drop in third quarter revenues.
Belgian chemical company Solvay has also moved lower after posting muted growth in its third quarter core profits.
Credit Agricole shares have fallen after the French lender reported a double-digit decrease in its third quarter net profit, hit by weak trading conditions.
On the positive side, Dutch supermarket operator Ahold Delhaize has jumped after the company delivered robust earnings and announced a new 2 billion euro share buyback program for 2018.
French video game publisher Ubisoft Entertainment has also soared after the company beat its second quarter sales target.
