(Reuters) – European shares were flat in early trading on Wednesday as investors parsed through a mixed bag of corporate results, with rising Brexit uncertainty and trade tensions limiting the gains.
The banking sector <.SX7P> fell 0.8%, led by Swedish banks, as Handelsbanken <SHBa.ST> fell on poor results, while Swedbank <SWEDa.ST> slipped after cutting its shareholder pay-out policy.
The tech sector <.SX8P> outperformed the broader market after ASML <ASML.AS> reported better-than-expected quarterly results.
The sector rose was up 0.6%, also helped by gains in mobile network gear maker Ericsson <ERICb.ST>, which said it was on-track for 2020 targets as second-quarter profit matched.
The pan-European stocks benchmark <.STOXX> slipped 0.07% at 0711 GMT, in what could be its first day of decline in four days.
(Reporting by Susan Mathew in Bengaluru; Editing by Arun Koyyur)