European stocks were inching toward a fresh record on Wednesday, with shares of Royal Dutch Shell climbing after a trading update, and banks also higher. U.S. stock futures were slightly higher.
The Stoxx Europe 600 index
rose by less than 0.1% to 435.45, following a 0.7% gain on Tuesday, which took it to a record close of 435.26.
The German DAX
rose 0.1% to 15,229.57, on the heels of its own record-setting finish of 15212.68, a gain of 0.7%. The French CAC
gained 0.2% and the FTSE 100 index
U.S. stock futures
pointed to a slightly higher open as investors waited for the minutes of the most recent Federal Open Market Committee meeting. On Tuesday, the S&P 500
finished 0.1% lower after setting a record intraday high, while the Dow Jones Industrial Average
closed down 0.3% and the Nasdaq Composite
finished modestly weaker.
Shares of Royal Dutch Shell
However, Shell said adjusted earnings for its upstream unit, which deals with exploration and the production of oil, are expected to be positive in the first quarter, “capturing the upside from the current commodity price environment.” Shares of rival BP
Shares of Ryanair Holdings
fell 2%, after the discount airline trimmed its expectations for a fiscal 2021 loss, but also lowered its forecast for fiscal 2022 traffic, in part due to the slow rollout of COVID-19 vaccinations in Europe.
said it has entered into talks with French asset manager Amundi to sell asset-management activities operated by its Lyxor unit for €825 million ($979.6 million). The French bank’s shares rose 2%.
up 1% each.
Shares of Carnival
climbed 4%, after a spokeswoman for the Centers for Disease Control and Prevention, Jade Fulce, told Bloomberg on Tuesday that cruises could resume by midsummer on a restricted basis. That was after the U.S. Carnival arm threatened to take its ships to non-U.S. ports.