European markets set for mixed open after earnings

Wednesday, 08. May 2019 08:11

Major European market index futures traded mostly flat on Wednesday as investors continued to digest trade tension between the United States and China, but also focused on the earnings season. Earlier in the morning, Siemens and Commerzbank announced their quarterly earnings.

In the United Kingdom, reports emerged that Prime Minister Theresa May plans to stay in office at least until late September in order to try and extend Brexit negotiations. Later this week, heads of state and government of the European Union are meeting in Sibiu and are expected to adopt a declaration that will renew commitment to EU unity.

DAX futures were 0.11% up at 8:08 am CET, CAC 40 futures were flat at the same time, decreasing 0.04%, while the UK's FTSE 100 was set to open 0.13% lower.

The euro gained 0.17% against the dollar to change hands at 1.12102 at 8:10 am CET. The pound was 0.05% higher against the greenback and going for 1.30743 at 8:10 am CET.

Related Links: 
Author:
Breaking the News / VP