Opening calls are indicating a flat open this morning.
The Nikkei is trading lower in the current session.
Stocks climbed higher in the final hour of trading after a choppy day. Investors have shifted their focus to Italy, as it appears Greece is finally getting its house in order.
Published reports said that a European Central Bank official said the sovereign debt crisis could be resolved in the next two years.
French bank Societe Generale posted a 30.6 percent drop in third quarter net profit on Tuesday, while revenue rose by 3.2 percent to 6.5 billion euros. The lender also announced that it has scrapped its dividend for 2011 and the bank’ exposure to PIIGS sovereign debt fell to 3.4 billion euros by the end of October.
Other corporate releases out of Europe on Tuesday include British retailer Marks and Spencer which is expected to report a fall in first half profit and its first fall in underlying quarterly sales for two years as British consumers remain under pressure due to inflation and raw material costs continue to rise.
German insurer Munich Re is set to release its third quarter data at 7.45, while Italian tire giant Pirelli also announces quarterly trade data on Tuesday.
From London, third quarter results from Lloyd’ Banking Group could be overshadowed by concerns over the lender’ management team after investors were told last week that CEO Antonio Horta-Osorio would take a period of leave due to ill health.
Finance director Tim Tookey has been named as an interim replacement, but Tookey is due to leave Lloyd’ in February for an outside position.
British cell phone operator Vodafone will report at 7:00 London time.
Economic data from Europe includes German foreign trade figures for September at 7:00 UK time, followed by France at 7:45.
UK industrial production figures will be available from 9:30.