Egypt to issue EGP 6b in floating-rate T-bonds    Egypt signs outsourcing deals with 55 firms to create 70,000 jobs, boost digital exports    Egypt's monthly inflation rises 1.3% in Oct, annual rate eases to 10.1%: CAPMAS    Egypt, Qatar intensify coordination as Gaza crisis worsens    Arabia Developments, ElSewedy join forces to launch industrial zone in New 6th of October City    Egypt, US's Merit explore local production of medical supplies, export expansion    Egypt, WHO discuss joint plans to support crisis-affected health sectors    Government to channel major share of Qatar deal proceeds toward debt reduction: Finance Minister    Germany, Egypt sign €50m debt swap for renewable energy grid connection    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt's Foreign Minister discusses Gaza, Sudan with Russian counterpart    Russia's Putin appoints new deputy defence minister in security shake-up    UNESCO General Conference elects Egypt's El-Enany, first Arab to lead body    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt, Medipha sign MoU to expand pharmaceutical compounding, therapeutic nutrition    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Syria releases preliminary results of first post-Assad parliament vote    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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 mostly lower amid trade talk skepticism
Amwal Al Ghad Published in Amwal Al Ghad on 29 - 07 - 2019

European markets are set for a muted open Monday as U.S. and Chinese trade negotiators prepare to meet in Shanghai for the first in-person trade talks since a truce was agreed in June.
The FTSE 100 is seen opening fractionally higher at around 7,550 points, the DAX is expected to slip around 27 points to 12,387, and the CAC is set to open around 18 points lower at 5,593.
Expectations for progress during the impending two-day meeting in Shanghai are low, and White House economic advisor Larry Kudlow told CNBC on Friday that negotiators would "hopefully go back to where the talks left off last May."
Investors will also be awaiting the U.S. Federal Reserve's monetary policy meeting this week, with the Fed widely expected to cut interest rates by 25 basis points.
New British Prime Minister and Conservative Party leader Boris Johnson plans to visit Scotland on Monday after the head of the Scottish Conservatives said that she would refuse to support the U.K. leaving the European Union without a deal.
The Confederation of British Industry (CBI) also said on Sunday that the EU was lagging behind Britain in its preparation for a no-deal Brexit.
In corporate news, mergers and acquisitions are high on the agenda. Reuters reported on Sunday that U.S. buyout fund Blackstone Group is expected to announce the merger of its majority-owned financial data firm Refinitiv with the London Stock Exchange Group this week. The merger is expected to face a long antitrust review before it can be signed off.
The Financial Times has also reported a potential tie-up between food delivery companies Just Eat and Takeaway.com to form a £9 billion ($10 billion) group which would outsize both Uber Eats and Deliveroo.
As earnings season rumbles on, Ryanair on Monday reported a 21% fall in first-quarter net profit due to lower fares and higher costs, but reiterated its full-year guidance.
Heineken half-year profit missed expectations on higher costs, with the Dutch drinks company reporting a net profit of 1.05 billion euros, while Spain's Bankia saw its second-quarter net profit fall 32% due to lower trading income.
Source: CNBC

Clic here to read the story from its source.