Ukraine, Egypt explore preferential trade deal: Zelenskyy    Egypt, Russia's Rosatom review grid readiness for El-Dabaa nuclear plant    Mastercard Unveils AI-Powered Card Fraud Prevention Service in EEMEA Region, Starting from Egypt    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    China's factory output expands in June '25    Egyptian pound climbs against dollar at Wednesday's close    New accords on trade, security strengthen Egypt-Oman Relations    Egypt launches public-private partnership to curb c-sections, improve maternal, child health    Gaza under Israeli siege as death toll mounts, famine looms    EMRA, Elsewedy sign partnership to explore, develop phosphate reserves in Sebaiya    Philip Morris Misr announces new price list effective 1 July    Egypt Post discusses enhanced cooperation with Ivorian counterpart    Egypt's Environment Minister calls for stronger action on desertification, climate resilience in Africa    Egypt in diplomatic push for Gaza truce, Iran-Israel de-escalation    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger    Egypt, Tunisia discuss boosting healthcare cooperation        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Grand Egyptian Museum opening delayed to Q4    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European markets seen opening higher, as fresh earnings flood in
Amwal Al Ghad Published in Amwal Al Ghad on 23 - 04 - 2018

European markets are set to open Monday's session on a positive note as investors gear up for the latest in corporate earnings, while keeping an eye on geopolitics and oil.
The FTSE 100 is seen opening up around 14 points at 7,375, the CAC is expected to open 18 points higher at 5,423, while the DAX is poised to start 28 points higher at 12,565, according to IG.
Looking to Europe's trading day, a slew of corporate earnings are due to be published including AMS, Michelin, and Tele2. Early Monday, Swiss bank UBS reported better-than-expected first quarter earnings with net profit up 19 percent. Philips has also released its first quarter earnings, with sales coming in at 3.9 billion euros ($4.79 billion).
When it comes to economic data, purchasing managers' index (PMI) data out of France, Germany and the euro zone are expected to keep investors on their toes during the start of the trading day.
In markets overseas, stocks in Asia came under pressure during Monday's session as investors kept a close eye on the U.S. bond market. On Friday, the yield on the 10-year Treasury note hit 2.96 percent, its highest level since January 2014, while the two-year yield rose to its highest level since September 2008.
Another area of the market that is keeping investors on edge is oil prices. While crude futures dipped during Monday's session, markets remained supported by strong demand. Prior to the open, prices were relatively flat with Brent hovering above $74 and U.S. WTI wavering around $68.30.
Another topic expected to keep investors busy concerns geopolitics. On Saturday, North Korea pledged to halt nuclear and missile tests, with the nation adding that it would be scrapping its nuclear test site in order to pursue peace and economic growth instead. President Donald Trump tweeted on Sunday, however, that the North Korean nuclear crisis was far from resolved.
Consequently, the topics of North Korea, global trade and the Iran deal will be of key importance when Trump meets with both German Chancellor Angela Merkel and French President Emmanuel Macron in separate meetings this week. Source: CNBC

Clic here to read the story from its source.