European stock markets traded mixed,
European stock markets traded mixed, with company reports overshadowing weak confidence data out of Germany and France. SAP and Wirecard helped the DAX to shrug off the disappointing Ifo and gain a further 0.91% this morning, after reports that Japan's SoftBank Group Corp plans to invest about EUR 900 million in Wirecard. The Swiss index got a boost from solid Credit Suisse reports, and while the FTSE 100 and Eurozone peripheral markets remained in negative territory most indices are up from earlier lows and the Euro Stoxx 50 managed a gain of 0.26%. Asian markets also traded mixed. The ASX jumped as much as 1.1% to a more than 11 year high in the wake of a weak inflation number that boosted rate cut speculation, while speculation of a slowdown in Chinese stimulus measures kept a lid on indices elsewhere. Topix and Nikkei closed with losses of -0.67% and -0.27% respectively, the Hang Seng dropped -0.53%, but mainland China bourses managed a late rally and the CSI 300 blue chip index closed with a gain of 0.28%. Small caps outperformed and the tech heavy Shenzen Comp rallied 1.1% after a late recovery. U.S. futures are currently narrowly mixed after swinging between gains and losses overnight. The front end WTI future meanwhile is down from highs and currently trading just under USD 66 per barrel.