Europe before the bell: Screens flash green
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
EUROPE BEFORE THE BELL: SCREENS FLASH GREEN
European stocks are in for a strong start to the week, even amid the uncertainty of the next few weeks, with a new UK budget and a U.S. election to contend with.
EuroSTOXX50 STXEc1 futures are up 0.7%, as are DAX futures FDXc1, while FTSE futures FFIc1 tick up by 0.2%.
Eyes are on the yen which is at a three-month low following a weekend election in Japan that left no party with a clear mandate.
This week will see the new UK budget, which is expected to contain higher taxes and increased investment.
But the main focus for markets is next week's U.S. elections, with global economy chiefs concerned over a potential return of Republican Donald Trump to the White House.
Earnings rumble on. Dutch medical devices maker Philips PHG.AS has said demand in China slumped in recent months, forcing it to lower its sales outlook for the year.
Volkswagen's truck unit Traton 8TRA.DE has reported a 3% rise in nine-month revenue on the back of subdued demand for commercial vehicles.
German chemical group Wacker Chemie WCHG.DE reported third-quarter core profit that missed market expectations.
Online trading platform Plus500 PLUSP.L reported a rise in its third-quarter revenue.
(Lucy Raitano)
*****
FOR MONDAY'S OTHER LIVE MARKETS POSTS:
EVENT RISKS GALORE THIS WEEK CLICK HERE
Nikkei 225 index falls as political uncertainty arises https://reut.rs/3UiFsEU
Euro zone engines of growth sputter https://reut.rs/4hiiE1W
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
