Europe set to open flat on Trump inauguration day

Friday, 20. January 2017 08:29

Equities in Europe are expected to start a day of trading flat, edging down into the red territory on Friday as US President-elect Donald Trump prepares for his inauguration ceremony due later in the day. Investment incentives are set to remain optimistic as market watchers digest yesterday’s European Central Bank’s decision to keep the interest rates at the same level.

The FTSE is seen 0.11% lower, the DAX futures indicated a 0.09% decrease while the CAC 40 is expected to edge down 0.10%.

The euro traded 0.21% against the US dollar at 1.0683 at 8:26 am CET. The European currency also slightly edged up against the British pound, increasing 0.03% at 0.8648 at 8:27 am CET.

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