European stocks rose in early trading supported by corporate earnings, with Adidas up nearly 6%, while U.S. stock futures declined

European stocks rose in early trading, supported by corporate earnings. The market is watching for U.S. President Trump's announcement of the next Federal Reserve chair nominee, as well as developments in the Russia-Ukraine conflict and the situation in Iran.

The pan-European STOXX 600 index rose by 1.96 points or 0.3% to 609.1 points; the UK FTSE 100 index rose by 1 point to 10,172 points; the French CAC 40 index rose by 22 points or 0.3% to 8,094 points; the German DAX index rose by 167 points or 0.7% to 24,476 points; the Spanish IBEX 35 index rose by 158 points or 0.9% to 17,748 points; the Italian FTSE MIB index rose by 252 points or 0.6% to 45,327 points.

German sportswear company Adidas reported a 13% increase in revenue last year on a currency-neutral basis, reaching a record €24.8 billion, with its stock price rising by 5.9%. Spanish bank CaixaBank's annual net profit rose by 1.8% to €5.89 billion, exceeding market expectations of €5.78 billion, and it increased its dividend per share by 15% to €0.5, with its stock price rising by 4.5%.

Reports suggest that former Federal Reserve governor Waller, who has a relatively "hawkish" stance, will be nominated to serve as Federal Reserve chair, leading to a decline in U.S. stock futures. Dow futures fell by 363 points or 0.7% to 48,807 points; S&P 500 futures fell by 54 points or 0.8% to 6,938 points; Nasdaq 100 futures fell by 257 points or 1% to 25,742 points.

In the Asia-Pacific stock markets, the Shanghai and Shenzhen stock markets fell by 1% and 0.7%, respectively, while Hong Kong and Taiwan stocks fell by 2.1% and 1.5%. Japanese stocks fell by less than 0.1%, South Korean stocks rose by less than 0.1%, Australian stocks fell by 0.7%, New Zealand stocks rose by 0.6%, and Indian and Singaporean stocks recently each fell by 0.4%