European equity futures higher, PMIs in focus
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
EUROPEAN EQUITY FUTURES HIGHER, PMIS IN FOCUS
Equity futures in Europe are slightly higher on Friday but most major indexes are still heading for a small weekly loss.
Euro STOXX 50 futures STXEc1 are up about 0.5% on Friday, but the index .STOXX50E is still down about 0.8% this week as geopolitical tensions have weighed.
Futures on the DAX FDXc1, CAC FCEc1 and FTSE FFIc1 are up between 0.4%-0.6% on Friday.
Important data on business activity is released today from Europe in the shape of the flash PMIs, which should provide a decent snapshot of the economy at a time of heightened uncertainty for the region after Trump's re-election.
"Today's flash PMI figures are, in our opinion, the most important data point of the month for Europe," writes Danske Bank assistant analyst Sofie Pedersen.
The auto sector is facing another day of unwelcome headlines after Northvolt, the Swedish maker of battery cells for electric vehicles, said it had filed for Chapter 11 bankruptcy protection in the United States. Volkswagen VOWG.DE is Northvolt's top shareholder with a 21% stake.
(Samuel Indyk)
*****
FRIDAY'S OTHER LIVE MARKETS POSTS:
BITCOIN WATCH PARTY RAGES ON AS PMIS LOOM CLICK HERE
Bribery charges dent Adani's market value https://reut.rs/48YsqCw
Performance of Adani Group stocks since Hindenberg Report https://reut.rs/40VzvBQ
Bitcoin gets a Trump bump https://reut.rs/4fZFxpk
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.
