Europe before the bell: positive start in store
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EUROPE BEFORE THE BELL: POSITIVE START IN STORE
European stocks are set for a positive start to Tuesday, with EuroSTOXX50 STXEc1 futures lifting 0.3%. Meanwhile, FTSE futures FFIc1 are up 0.4% and DAX futures FDXc1 are down 0.1%.
Markets are awaiting more direction as U.S. President-elect Donald Trump continues to pick names for his cabinet, with the search for the next Treasury secretary in focus.
Eyes will be on Swiss food giant Nestle NESN.S at the open, after the company said it will boost advertising and marketing, trim costs to drive growth under its new CEO.
Swiss hearing aid maker Sonova Holding SOON.S is out with half-year core earnings below market expectations, while German publishing group Springer Nature SPGG.DE repored organic revenue grew 6% in the first nine months of the year.
Elsewhere, Novo Nordisk NOVOb.CO said it had launched its popular obesity drug Wegovy in China.
In the UK, the retail sector will be in the spotlight after the country's biggest retailers wrote to finance minister Rachel Reeves to warn her that last month's budget will make both higher prices and job losses a certainty and dent investment.
(Lucy Raitano)
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