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European shares, U.S. futures up, Asia mixed

European equities and U.S. stock futures are higher as M&A news and earnings reports from Apple and Facebook lift sentiment.

However, the mood in Asia has been mixed, weighed down by poor manufacturing PMI data out of China yesterday and an unexpected drop in U.S. home sales.

The Nikkei drops 1%, apparently hurt by the failure of the U.S. and Japan to make significant progress on a trade deal during President Obama's visit to Japan.

China's Shanghai Composite index falls 0.5%, with another prospective resumption of IPOs one factor in the decline.

Elsewhere in Asia, Hong Kong +0.2%, India closed.

Euro Stoxx 50 +0.55%, London +0.6%, Paris +0.8%, Frankfurt +0.7%, Milan +1.1%, Madrid +0.7%.

U.S. stock futures: Dow +0.2%. S&P +0.4%. Nasdaq +1.2%

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