The company logo before the unveiling of the ASML US Technical Training Academy on November 20, 2025 in Phoenix, Arizona, USA.
Rebecca Noble | Reuters
LONDON — European stocks were mixed on Wednesday morning as regional investors closely watched major earnings reports.
The pan-European Stoxx 600 index was flat in early trading, with no consensus across sectors or major exchanges.
On Wednesday morning, Dutch semiconductor giant ASML reported better-than-expected orders and a better-than-expected sales outlook for 2026.
The company’s shares rose 5.9% in early trading, pushing European peers higher as well. chip equipment manufacturers ASMI 2.2% higher ST Micro rose 4%, infineon Added 5.6%.
European luxury goods conglomerate LVMH reported better-than-expected profits and second-quarter organic revenue growth after the bell on Tuesday, but fell 7% in morning trading, leaving it at the bottom of the Stoxx 600.
Investors will also be keeping an eye on U.S. earnings on Wednesday, when Microsoft, Metaplatforms and Tesla are scheduled to report quarterly results after the closing bell. Apple is expected to announce the results on Thursday.
All eyes will be on Wednesday on the US Federal Reserve’s first interest rate decision of the year. The central bank is widely expected to keep interest rates on hold in its target range of 3.5% to 3.75%, but traders will be looking for hints about any longer-term changes to monetary policy.
Federal funds futures trading suggests a two-quarter point reduction by the end of 2026, according to the CME FedWatch tool.
S&P 500 futures rose 0.26% Wednesday morning as Asia-Pacific markets were mixed.
— CNBC’s Pia Singh contributed to this market report.
