Among individual stocks, French media company Vivendi VIV.PA reported an uptick in quarterly revenue and confirmed it was still planning to spin off its publishing business Editis. A slew of recent inflation reports and data indicating a strong U.S. labour market have dealt a blow to hopes of the Federal Reserve and other major central banks toning down their hawkish policy approach anytime soon. Adding to the jitters was U.S. social media company Snap Inc's SNAP.N bleak fourth-quarter outlook that sounded alarm bells about a hit to advertising from rampant inflation, setting Wall Street up for early losses.