European equity markets showed a mixed picture on Wednesday as investors positioned ahead of a planned meeting between U.S., Greenlandic and Danish officials to discuss the future of the Arctic territory.
Markets are also awaiting a ruling from the U.S. Supreme Court on the reciprocal tariff introduced by President Donald Trump, adding to the cautious tone.
The UK’s FTSE 100 Index was up 0.3%, while France’s CAC 40 hovered just below flat. Germany’s DAX Index underperformed, slipping 0.5%.
Shares in BP Plc (LSE:BP.) moved lower after the British energy group warned it expects to book impairment charges of between $4 billion and $5 billion in the fourth quarter.
Education group Pearson (LSE:PSON) also fell sharply, despite reporting fourth-quarter sales growth of 8%.
Recruitment firm Hays (LSE:HAYS) was under pressure as well, after reporting a steeper-than-anticipated decline in quarterly fees.
On the upside, energy companies RWE (TG:RWE) and SSE (LSE:SSE) advanced after being named among the developers awarded guaranteed electricity price contracts in the UK’s latest offshore wind power auction.
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