LONDON ( The Deal) -- European stocks were mixed in morning trading on Wednesday, with markets said to be waiting for the latest Federal Reserve minutes to take a view on the timing of further tapering of U.S. market support. Banks and mining stocks were broadly stronger, but retail and the power sector were more uncertain.
In London, supermarket chain J. Sainsbury spiked in early trading on better-than-expected Christmas numbers, but then slipped suddenly when its finance director, John Rogers, told analysts that like-for-like results for the full year would likely have grown less than the 1%-1.5% predicted in November. The stock was falling 1.41% to 363.70 pence. Maternity wear and young children's playthings group Mothercare also plunged on a profit warning following poor Christmas trading. Mothercare was down just shy of 30% at 296.50 pence.
In Germany, the discounted share placement late Wednesday by private-equity owners Goldman Sachs and Kohlberg Kravis Roberts of a 10.8% stake in forklift truck maker Kion Group, saw that company's stock fall sharply. By late morning, it had recovered slightly, as analysts said a larger free-float would be good for the stock long-term. But was still down 1.9% at 30.17 euros.
In London, the FTSE 100 was down 0.35% at 6731.97, in Frankfurt the DAX was up 0.03% at 9508.86 and in Paris, the CAC40 was down 0.19% at 4255.
In Japan, the Nikkei 225 recovered from lows earlier in the week to close up 1.94% at 16121.45. Hong Kong also recovered 1.25% to 22,996.59.