European stocks set for lower open

Thursday, 05. January 2017 08:26

European stocks are set to open in the red on Thursday after minutes from the United States Federal Reserve December meeting revealed policymakers see uncertainty about trade and fiscal policies under the administration of incoming president Donald Trump, who will assume office on January 20.

The DAX futures point to a decrease of 0.27%, the CAC 40 is expected to open 0.34% lower, while the FTSE 100 is seen edging down 0.06%.

Sterling fell 0.42% against the euro to sell for 1.1706 at 8:22 a.m. CET and it shed 0.99% compared to the yen to change hands for 143.212 at 8:23 a.m. CET. The pound gained 0.17% against the dollar to go for 1.2345 at 8:24 a.m. CET.

 

Image: EPA / Facundo Arrizabalaga

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Breaking the News / NP