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European stocks seen mixed amid corporate earnings season and Brexit limbo

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European stocks were expected to open mixed Thursday morning as traders remain in limbo over an expected delay to the U.K.'s departure from the European Union, while corporate earnings season gathers pace.

Brexit now hinges on a decision from EU leaders on whether to grant the U.K. a further extension after Prime Minister Boris Johnson paused the ratification process for his Withdrawal Agreement Bill. Johnson has signaled intent to call a U.K. general election before Christmas if the October 31 deadline is extended into next year.

Asia Pacific stocks were mixed Thursday after data showed that South Korea's economy continued to slow. The European Central Bank will convene for its latest policy meeting on Thursday, marking a swan song for outgoing ECB President Mario Draghi. Markets are not expecting substantial movements on policy, with just six weeks having passed since the ECB unveiled a massive stimulus package.

Corporate earnings remain in focus, with German chemical maker BASF on Thursday reporting a fall in third-quarter net profit and sales, while British lender the

 

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