European stock markets struggled for direction on Tuesday, as investors opted to stay on the sidelines ahead of the delayed U.S. nonfarm-payrolls report due later in the day.
The Stoxx Europe 600 index was flat at around 319.55, after closing in positive territory for an eighth straight day on Monday.
In Europe, France’s CAC 40 index was slightly 0.16% lower, while Germany’s DAX 30 index fell 0.13% and the U.K.’s FTSE 100 index managed to gain 0.12%.
Several Scandinavian firms were among biggest movers in the pan-European index, with shares of Tele2 AB sinking 9.4% after the Swedish telecoms firm said it swung to a loss in the third quarter and cut its long-term financial guidance.
Swedbank AB climbed 4.9% after the bank posted an increase in third-quarter profit, boosted by rising net interest-income. It also said there are signs that the global economy is improving.
And in Oslo, Gjensidige Forsikring ASA rallied 7.7% after the insurance firm posted a 6% rise in third-quarter earnings per share.
BHP Billiton PLC climbed 2.7% in London after the miner raised its outlook for full-year iron-ore production, signaling confidence that China’s rapid industrialization will continue to lift demand for natural resources.
Shares of ARM Holdings PLC dropped 3.8%, even as the microchip designer posted a rise in third-quarter profit.
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