LIVE MARKETS-Europe before the bell: positive earnings sweeten the mood

Reuters01-30
LIVE MARKETS-Europe before the bell: positive earnings sweeten the mood

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EUROPE BEFORE THE BELL: POSITIVE EARNINGS SWEETEN THE MOOD

European futures are in positive territory on Friday, as traders gear up for President Donald Trump to name a successor to Federal Reserve Chair Jerome Powell before the weekend begins, after he met former Fed Governor Kevin Warsh on Thursday at the White House.

Euro STOXX 50 futures STXEc1 are up 0.6%, futures on the DAX FDXc1 are up 0.5% while FTSE FFIc1 futures are flat.

Global stocks had initially tumbled in Asia, as reports honed in on Warsh as Trump's likely pick. U.S. futures are still flashing red, with e-mini S&P 500 futures down 0.8%.

But some positive earnings may cushion European shares.

Adidas rose in pre-market trading, after the German sportswear maker posted results on Thursday and said it would launch a share buyback of up to 1 billion euros ($1.2 billion).

Home appliances maker Electrolux ELUXb.ST reported a bigger operating profit than expected for the fourth quarter, while watchmaker Swatch's UHR.S sales grew 4.7% at constant exchange rates in the second half of 2025.

Elsewhere, China's CSPC Pharmaceutical has signed a deal with AstraZeneca for weight-loss therapy and Spain's Caixabank's CABK.MC net profit fell 2.9% in the fourth quarter from the same period in 2024 due to the impact from the banking tax.

(Lucy Raitano)

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