Europe seen lower after Trump-Conte meeting

Tuesday, 31. July 2018 08:28

Major European markets are set for a lower open on Tuesday, following a meeting between United States President Donald Trump and Italian Prime Minister Giuseppe Conte, when the two leaders talked about lowering trade deficit between countries and reaffirmed their belief that "strong nations must have strong borders." On the earnings front, investors are focusing on on reports released by Lufthansa, Credit Suisse, and BP, as well as Pfizer and Procter and Gamble later in the afternoon.

In London, the FTSE 100 was seen opening 0.05% lower, while the German DAX is due to start the trading session 0.07% in the red. The CAC 40 was expected to lose 0.11%.

The euro gained 0.04% against the greenback, to sell for $1.1709 at 8:28 am CET.

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Breaking the News / BM