Europe seen mixed ahead of earnings reports

Friday, 21. July 2017 08:35

European markets are set to open mostly in the red on Friday, a day after the President of the European Central Bank Mario Draghi said that the bank will resume its expansionary monetary policy for now, as interest rates remain unchanged and the bank's bond purchasing program continues. Meanwhile, major companies including Vodafone, General Electric and SunTrust will post their quarterly earnings later today.

The EuroStoxx 50 was seen opening 0.09% lower, the CAC 40 indicated losses of 0.13%, while the FTSE 100 was set to start 0.04% in the red.

The DAX futures pointed towards an increase of 0.04%.

The euro gained 0.19% against the dollar, to go for $1.1653 at 8:31 am CET. The pound increased 0.14% compared to the greenback, to change hands for $1.2991 at 8:32 am CET.

 

 

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Breaking the News / FH