A general view looking past Tower Bridge toward Residential and commercial skyscrapers in Canary Wharf on June 26, 2025 in London, United Kingdom.
John Keeble | Getty Images News | Getty Images
Futures data pointed to a mixed open in European equity markets on Wednesday morning, as corporate earnings continue to stay in focus for regional investors.
At 6:30 a.m. in London (1:30 a.m. ET), futures tied to the FTSE 100 were 0.2% higher, and those tied to the German DAX index were also up by 0.2%. French CAC 40 futures were marginally lower, while Swiss SMI futures were flat.
Wednesday will see another flurry of corporate earnings releases, with TotalEnergies, Ferrari, and Dassault Systemes among those set to update investors on their finances.
Reporting on its full-year earnings before the opening bell, Dutch brewer Heineken said it would cut between 5,000 and 6,000 jobs over the next two years. The company, which cited “challenging market conditions”, is currently in the midst of a turnaround strategy to accelerate growth by 2030. Total production volumes fell 1.2% over the course of the 2025, Heineken said, while operating profit was up 4.4% from the previous year.
It said it expects operating profit to grow in the range of 2% to 6% this year.
Elsewhere, Siemens Energy posted an earnings update for its fiscal first quarter Wednesday morning. The firm said net profit almost tripled to 746 million euros ($889 million), with data center expansion driving “robust demand” that saw orders hit a record high.
German lender Commerzbank also had a good year, announcing Wednesday that it achieved a record operating profit of 4.5 billion euros, driven by net commission income and a strong performance in its Polish subsidiary mBank. The bank’s net profit came in at 2.6 billion euros, exceeding its 2.5-billion-euro target.
Commerzbank said that in 2026, net profit would likely be above its original target of 3.2 billion euros.
In other corporate news, German airline Lufthansa will be hit by staff strikes on Thursday. Pilots’ union VC (Vereinigung Cockpit) called for a 24-hour strike on Feb. 12 in both the main airline and Lufthansa’s cargo division over a pensions dispute.
Global investors will also be monitoring U.S. nonfarm payrolls data for January, which is due to be published at 8:30 a.m. ET.
Overnight in Asia, stocks edged higher as investors assessed weaker-than-expected Chinese inflation data. On Wall Street, stock futures made gains as investors awaited the jobs report.
