European stock markets were mixed on Wednesday as corporate news came back to the fore, and as judgments on individual companies began to override the macro trend as earnings season approaches.
London's FTSE 100 rose by 0.14% to 7,232, and Germany's DAX gained 0.32% to be quoted at 11,577. The CAC 40 index in France was the poorest performer among major indices, dropping by 0.34% to 4,843.
The Stoxx Europe 600, an index comprised of Europe's 600 largest companies, rose by 0.02% to 362.5.
European currencies were flat against the greenback, with the sterling broadly unchanged at 1.22320 by the time stock markets closed and the euro also flat at around 1.0681.
Bond markets were mixed. The U.K. 10-year yield was flat at 1.32%, while the German yield gained 2 basis points to 0.34%. French yields were up by 1 basis point to 0.81%.
Mining stocks were among the big risers in London, despite falling commodity prices, as equity investors bet on a robust economic performance from China during the fourth quarter -- ahead of GDP data on Friday morning.
Pearson (PSO) , former owner of the FT, fell after yet another profit warning, prompting the stock to drop by 28% on Tuesday. The education materials firm said that its North American print materials business is struggling and suggested that it could scrap the dividend during the year ahead.
In Germany, Adidas (ADDYY) topped the DAX as investor sentiment remained positive ahead of a planned product launch in the U.S., no doubt boosted by what continues to be a solid economic performance in most core markets.
Deutsche Bank (DB - Get Report) also rose after it emerged that the bank has canned bonuses for senior staff during the year ahead and that the bank has settled with the U.S. Department of Justice over selling toxic mortgage securities during the housing bubble.
Deutsche Lufthansa (DLAKY) fell 0.89%, in line with the broader airline sector, which was weaker despite falling oil prices during the session.