European stocks were mixed on Wednesday after a lackluster day in Asia dominated by worries about the global growth outlook.
In London, the FTSE 100 fell 0.20% to 6,173.32, with miners once again among the main decliners as commodity prices including gold, silver, platinum and copper fell.
BHP (BHP) was down more than 5% in London after Brazilian prosecutors filed to sue the mining company and Vale for $44 billion over the breaching of a damn at a jointly owned iron ore project.
In Frankfurt, the Dax edged up 0.19% to 6,173.32 and in Paris the Cac 40 rose 0.18% to 4,379.70.
A mixed bag of final purchasing managers' indices compiled by Markit for the month of April put the services sector index for the Eurozone at 53.1, holding above the 50 threshold that separates expansion from contraction but falling below than the 53.2 reading the research group had originally published. Markit said the region "remains in low gear at the start of the second quarter."
Siemens (SIEGY) was up close to 2% in Frankfurt after the industrial conglomerate posted second-quarter figures ahead of expectations, including net profit of €1.5 billion ($1.7 billion). Its power technology operations, which serve both conventional energy providers and the renewables sector, were the star performers.
Shipping company AP Moeller Maersk (AMKBY) jumped about 5% in Copenhagen after first-quarter figures showed profit plunged, but not as much as analysts had feared. Profit fell to $211 million from $1.5 billion a year earlier. The company said cost-cutting and fleet optimization programs were bearing fruit.
Deutsche Telekom (DTEGY) moved higher in Frankfurt after first-quarter Ebitda came in ahead of consensus expectations, despite a disappointing performance in Germany. But the company suggested its domestic business will recover and reiterated its full-year earnings and revenue outlook.
Budweiser maker AB InBev (BUD) , which is in the throes of the $100 billion-plus takeover of SABMiller, fell almost 3% in Brussels after posting declining first-quarter Ebitda margins and net profit down $844 million from $2.29 billion because of higher financing costs and currency headwinds.
It said revenue grew by 3.1% on an organic basis.
Air France KLM was down close to 4% in Paris after warning of a "high level of uncertainty" for the full year because of geopolitical and industry capacity issues even after first-quarter results rebounded more than expected. First-quarter revenue edged up by 0.4% to €5.6 billion, while the company posted Ebitda of €266 million from a loss of €26 million.
Adidas (ADDYY) rose about 1% after it pushed the button on the sale of its TaylorMade golf business after a long-running review as it fleshed out first-quarter figures it had previewed last week. As it said last week it expects group sales to rise about 15% for the full year, compared with a previous forecast for growth of between 10% and 12%. Net profit before write-downs is now tipped to rise by between 15% and 18%, up from an earlier range of 10% to 12%.
Oil producer Shell was stable in London after beating analysts' estimates in the first quarter after its downstream divisions posted strong earnings.
In London grocer, Sainsbury (JSAIY) slipped about 4% after publishing lackluster full-year numbers including a 0.9% decline in same-store sales and a 13.8% decline in full-year pretax profit to £587 million ($850.7 million).
In Hong Kong, the Hang Seng fell 0.67% to 20,538.20. On mainland China, the CSI 300 composite index slipped 0.13% to close at 3,209.46.
In Sydney, the S&P ASX 200 fell 1.54% to 5,271.14, reversing much of Tuesday's gain following the Reserve Bank of Australia's rate cut.