European stock markets were hesitant at the opening bell on Wednesday, following a salvo of corporate results.

In Paris, the CAC 40 was down 0.27% at 8,084.2 points at around 07:17 GMT, following Kering's results. In Frankfurt, the Dax gained 0.28%, compared with 0.21% for the FTSE in London.

The pan-European FTSEurofirst 300 index advanced by 0.21%, the EuroStoxx 50 by 0.16% and the Stoxx 600

was stable.

Futures on New York indices suggest a similarly mixed opening on Wall Street, with the Dow Jones expected to be flat, compared with a rise of 0.26% for the Standard & Poor's 500 and 0.7% for the Nasdaq.

European markets welcomed the results of ASM International, which jumped over 11% after reporting better-than-consensus orders.

On the other hand, Kering warned of a fall in first-half operating income, which weighed on the Group and put pressure on luxury goods stocks.

The only indicator expected from the eurozone on Wednesday is Germany's Ifo business climate at 08:00 GMT.

On the value side, semiconductor stocks are benefiting from ASM International's good results, expected to rise by 13.8% before the opening. In France, Soitec gained 3.21%, compared with 4.90% for STMicroelectronics. The tech sector was the best performer among the Stoxx 600 sectors, up 2.51%.

Kering fell back 9.42%, while LVMH and Hermes eroded 0.86% and 0.38% respectively. (Written by Corentin Chappron, edited by Blandine Hénault)