European Markets Set for Gains Amidst Positive Global Trends
European stock markets are anticipated to rise at the open on Friday, mirroring gains observed in Wall Street and Asia-Pacific markets, and looking to overcome recent volatility. The U.K.’s FTSE 100 is projected to open 15 points higher at 8,159, according to IG. Meanwhile, France’s CAC 40 is expected to increase by 12 points to 7,264, and Germany’s DAX is on track to gain 26 points, reaching 17,696. Italy’s MIB is set to add 66 points, climbing to 31,993.
In stock-specific news, European firms Hargreaves Lansdown and Lanxess are scheduled to release their quarterly earnings reports. On the economic data front, final inflation figures for July from Germany and Italy are highly anticipated, which could influence market movements.
Investors are keen to see if European markets can sustain the upward momentum observed in global counterparts, especially as they navigate economic data and corporate earnings reports. This positive outlook for the opening comes after a period of market turbulence, and traders will be watching closely to see if the trend continues.
Stay tuned to CNBC Pro for detailed stock picks and the latest investing trends.
— Betty Laura Zapata | Bloomberg | Getty Images
Original Story https://www.cnbc.com/2024/08/09/european-markets-stocks-news-data-and-earnings.html
Category :
Tags:
