Europe before the bell: quiet start to the week
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EUROPE BEFORE THE BELL: QUIET START TO THE WEEK
European equity futures pointed to a quiet start to the week on Monday, with Nvidia NVDA.O results on Wednesday coming into focus and investors bracing for possible more turbulence ahead of Donald Trump taking office as U.S. president in late January.
Contracts on the EuroSTOXX50 and FTSE indices both fell less than 0.1% following a firmer session in Asia overnight, while S&P 500 and Nasdaq futures rose 0.1% and 0.5%, respectively.
President Joe Biden's administration has allowed Ukraine to use U.S.-made weapons to strike deep into Russia, a policy reversal that comes largely in response to Russia's deployment of North Korean ground troops to supplement its own forces.
Premarket indications pointed to gains for defence-focused stocks like Germany's Rheinmetall RHMG.DE and Hensoldt HAGG.DE, and British engineer Rolls-Royce RR.L.
With the earnings season behind us, with around 90% of STOXX companies having reported, corporate news is thin.
Among the highlights, Enel ENEI.MI raised dividends in its strategy plan, UK semiconductor wafer maker IQE IQE.L warned on revenues, while Melrose MRON.L posted higher revenues.
Later in the day, macro watchers will focus on remarks from several ECB speakers including Chief Economist Philip Lane, followed by President Christine Lagarde after the market close.
(Danilo Masoni)
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