European Stock Futures Mixed; Tech Stocks in Focus

By Investing Com8 days ago

© Reuters.

By Peter Nurse

AD - European stock markets are seen opening mixed on Wednesday, as investors digest the sharp pullback in the tech sector overnight ahead of a fresh round of corporate earnings.

At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France dropped 0.3% and the FTSE 100 futures contract in the U.K. rose 0.1%.

The tech-heavy Nasdaq Composite ended 1.9% lower on Wall Street Tuesday as investors dumped megacap stocks, the markets darlings on the way up, on concerns of rising interest rates following comments by Treasury Secretary Janet Yellen.

Continue read on