LONDON — European markets are heading for a muted open on Friday, searching for direction after touching record highs in the previous session. Britain's FTSE 100 is seen around 6 points higher at 6,948, Germany's DAX is set to slip around 11 points lower to 15,192 and France's CAC 40 is seen a single point higher at 6,167, according to IG data. Shares in Asia-Pacific mostly slipped overnight, failing to pick up momentum from the U. S. after the S&P 500 notched another record closing high, fueled in part by dovish comments from the Federal Reserve. Fed Chairman Jerome Powell called the economic recovery "uneven," signaling that monetary policy will remain loose until a more robust recovery is attained, which sent U. S. Treasury yields lower. U. S. stock futures are set for further gains at the open on Wall Street Friday. In corporate news, Spanish infrastructure group ACS has expressed interest in taking a surprise stake in Atlantia's motorway unit, the Italian conglomerate announced Thursday. Meanwhile, AstraZeneca's struggles with its Covid-19 vaccine rollout have continued to grow in recent days. Australia, the Philippines and the African Union have become the latest to limit or abandon purchases of the shot over fears about its possible link to blood clots, despite global shortages. On the data front, German industrial output in February fell 1.6% from the previous month, the Federal Statistics Office revealed Friday, which was well below a consensus forecast of a 1.5% rise. There are no major earnings expected Friday. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
All data is taken from the source: http://cnbc.com
Article Link: https://www.cnbc.com/2021/04/09/europe-markets-searching-for-direction-after-record-highs.html
#friday #newsfeed #newsworldabc #newstodayusa #newstodaylocal #kingworldnews #
All data is taken from the source: http://cnbc.com
Article Link: https://www.cnbc.com/2021/04/09/europe-markets-searching-for-direction-after-record-highs.html
#friday #newsfeed #newsworldabc #newstodayusa #newstodaylocal #kingworldnews #
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