European Factors to Watch-Indexes seen flat to lower on mixed results
(Adds futures, further company news)
LONDON Feb 4 (Reuters) - European shares were indicated to open flat to lower on Wednesday, marking time amid mixed corporate results and ahead of the release of business activity data from the euro zone and the United States.
Futures for the Euro STOXX 50 equity index, Germany's DAX and France's CAC were between flat and 0.2 percent lower.
Shares in BBVA were indicated to open 1-2 percent higher after the Spanish bank posted rising earnings from lending and fees in the fourth quarter of last year and said bad loans were steadily dropping.
Swedish peer Handelsbanken was seen opening down 2-4 percent, however, after it reported fourth-quarter operating profit below expectations, due to increased loan losses and weaker-than-expected income on mortgages.
Outside the banking sector, Belgian mobile phone group Mobistar and Norwegian non-life insurer Gjensidige were both seen opening down around 2 percent after their result releases.
Investors awaited final services sector and business activity indicator from euro zone countries and the currency bloc as a whole between 0845 GMT and 0900 GMT, which were expected to confirm an improvement in January from the previous month.
Oil & gas shares, which had been among the best performers in recent days as oil prices rebounded, could pause as crude futures dipped.