LONDON, Nov 3 (Reuters) - European shares crept higher in early deals on Friday as earnings weighed on shares in French bank Societe Generale (Swiss: 519928.SW - news) and Dutch telecoms firms Altice (Amsterdam: 28975495.AS - news) , though gains for tech stocks and carmakers limited losses.
The pan-European STOXX 600 index was up 0.1 percent, set for its second week of gains in a row, while euro zone blue chips were down 0.1 percent.
Britain's FTSE 100 built on the previous session's gains following the Bank of England's first rate hike in more than a decade, up 0.3 percent.
Friday was another busy day of earnings, with the banking sector in focus. Societe Generale fell 3.8 percent after the French bank reported third quarter earnings which included a 15 percent slump at its investment banking arm.
Tech stocks were also in focus after U.S. giant Apple (Swiss: AAPL-EUR.SW - news) reported better-than-expected earnings, boosting shares in suppliers Dialog Semiconductor (LSE: 0OLN.L - news) 2 percent and AMS 1.6 percent.
So far more than half of MSCI Europe companies have reported third quarter earnings, of which 67 percent have either met or beaten analysts' expectations, according to Thomson Reuters (Dusseldorf: TOC.DU - news) I/B/E/S data.
(Reporting by Kit Rees, editing by Danilo Masoni)