Futures signal rises as ECB countdown begins
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
FUTURES SIGNAL RISES AS ECB COUNTDOWN BEGINS
European stock futures are in positive territory as traders log in to a long-awaited day in the global interest rate cycle. The ECB is widely expected to deliver its first rate cut since it began hiking them in 2022.
EuroSTOXX50 STXEc1 futures are adding 0.4%, while FTSE futures FFIc1 are up 0.1% and DAX futures FDXc1 are up 0.2%.
Tech stocks have been the stars of this week in Europe, clocking a 3.1% gain on Wednesday. The day also saw AI chipmaker Nvidia NVDA.O rally to record high, while Amsterdam-listed ASML ASML.AS, the world's biggest semiconductor equipment maker, added over 3% after Jefferies analysts flagged some bullish CFO comments.
In earnings, Veon VON.AS, the owner of Ukraine's mobile operator Kyivstar, expects sales and core profit to accelerate in the medium term.
UK-listed oil services company Wood Group WG.L has said its board has decided to engage with Sidara on the Dubai-based engineering and consulting firm's sweetened takeover proposal.
British tonic maker Fevertree Drinks FEVR.L has reiterated its forecast for the year. The maker of Remy Martin cognac and Cointreau liquor Remy Cointreau RCOP.PA reported a steep decline in annual profit, but the drop was smaller than expected.
(Lucy Raitano)
*****
THURSDAY'S OTHER LIVE MARKETS POSTS
IT'S TIME FOR E-C-B CLICK HERE
Nvidia leads megacap stock charge in 2024 https://reut.rs/3x4xFCc
Nvidia's stock market value overtakes Apple Nvidia's stock market value overtakes Apple https://reut.rs/3VcK4Ml
Traders slash ECB rate cut bets Traders slash ECB rate cut bets https://reut.rs/3R8iXAV
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.
