European equity markets were set to open higher on Wednesday as investors reacted to a wave of corporate earnings.
UBS beat expectations with strong Q2 net profit, supported by robust performance in its investment bank and wealth management divisions.
HSBC announced a $3 billion share buyback, though its quarterly profit fell short of forecasts.
Elsewhere, Siemens Healthineers and Santander delivered solid results for the June quarter.
In contrast, L’Oréal missed sales estimates as weakness in Europe offset gains in the US and China.
The company also warned that the US-EU trade deal could lead to higher costs.
In premarket trading, Euro Stoxx 50 futures rose 0.3%, while Stoxx 600 futures edged up 0.15%.