European markets are expected to open marginally up today, after gains in Asia and a strong finish by markets in the US, boosted by a positive revision of second quarter US gross domestic product.
The FTSE 100 is expected to open 7 points up at 6199, while the German Dax is called to rise 11 points on opening at 10,327 and the French Cac should open 7 points higher at 4665.
Markets across Europe closed higher yesterday on the back of rebounds in Asia, with investors’ nerves being soothed by Chinese markets making gains and the positive US data and. The FTSE closed 3.56 per cent higher at 6192.
Asian stocks all continued to rebound in morning and early afternoon trading, with the Shanghai Composite peaking as much as two per cent higher, while Japan’s Nikkei was up over three per cent and the Hang Seng was trading 0.5 per cent higher.
Investors will be looking to a slew of data coming out in Europe and the US, in particular UK gross domestic product.
- bwin.party reported total revenue of €296.5 (£216m) in the first half of 2015
- French luxury group Hermès reported a profit rise of 16.9 per cent for the first half of the year
- 888 Holdings reported revenue of $220m (£142.5m) for the first half of 2015
- 09:30: UK: Q2 GDP
- 09:30: UK: Q2 Total business investment
- 09:30: UK: Index of services, July
- 10:00: Greece: GDP
- 10:00: EU: Business climate, August
- 10:00: EU: Industrial confidence, August
- 10:00: EU: Consumer confidence, August
- 10:00: EU: Services sentiment, August
- 10:00: EU: Economic sentiment indicator, August
- 13:30: US: Personal consumption expenditure price index, July
- 13:30: US: Personal income, July