Europe seen lower amid cluster of earnings

Tuesday, 15. May 2018 08:20

European markets were seen opening lower on Tuesday as investors keep an eye on economic data and corporate earnings. GDP figures for Germany, the ILO unemployment rate for the United Kingdom, as well as the ZEW economic sentiment survey are on the data front, while in earnings, ThyssenKrupp, Commerzbank, RWE, Credit Agricole and Allianz released their results earlier.

The DAX was seen falling 0.25%, the CAC 40 was expected to open 0.25% lower, while the FTSE 100 was seen 0.47% in the red. The euro traded 0.07% lower against the dollar at 8:20 am CET, buying 1.19187.

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Breaking the News / JC