LONDON ( The Deal) -- European stocks were mixed on Thursday after an Asian selloff as investors took fright at the Federal Reserve's upbeat view of the U.S. economy.
While reiterating its plan to be "patient" when deciding when to raise rates, the central bank said after its first policy meeting of the year that it considered the economy to be expanding "at a solid pace."
In London, the FTSE 100 was down 0.53% at 6,789.96. In Frankfurt, the DAX edged down 0.09% at 10,702.20 and in Paris the CAC 40 moved up 0.08%.
Greek indices rebounded, as did Greek banking stocks, with the Athens Composite Index up 2.67% at 730.14 by early afternoon local time.
Royal Dutch Shell (RDS.A) tumbled almost 4% in London after announcing a decline in quarterly earnings. It said it will cut back capital expenditure by $15 billion over the next two years and slash costs. It also declared that it will be guided by oil prices when deciding whether to buy back more shares.
Oil explorer Soco International (SOCLF) fell almost 7% in London after cutting its investment budget by 60% and putting its entire portfolio under review.
In Paris, Vallourec (VLOWY) , which makes steel pipes for the oil and gas industry, fell about 5% as it warned of 1 billion euros ($1.1 billion) write-down in its 2014 earnings as clients cut back spending. It said it would announce a cost-cutting plan on Feb. 24.
Clothing and accessories maker Hugo Boss (BOSSY) gained more than 3% on a Credit Suisse buy recommendation.
German chipmaker Infineon Technologies (IFNNY) gained more than 1% after lifting full-year targets and posting what it called "solid" first-quarter results.
In Seoul, Samsung (SSNLF) closed down 1.3% after announcing full-year results that showed a 10% year-on-year decline in revenue to W206.2 trillion( $190 billion), with mobile-phone revenue down 21%.
In Tokyo, the Nikkei 225 fell 1.06% to 17,606.22. In Hong Kong, the Hang Seng closed down 1.07% at 24,595.85.