European stock markets are expected to open higher today, while volatility continues in Asia.
The FTSE 100 is expected to open six points higher at 6,636, the German Dax 24 points higher at 11,235 and the French CAC up five points at 5,022.
European equities closed higher on Wednesday, with the FTSE ending the day up 1.16 per cent. It was a similar story in America as the Dow Jones Industrial Average and S&P 500 each closed up 0.7 per cent, while the Nasdaq rose 0.4 per cent on the back of statements from the Federal Reserve that the US economy and jobs market are showing signs of improving.
Gold remains near its five and a half year low as the Federal Reserve indicated an interest rate increase would occur in September. US crude futures, however, rose towards $49 a barrel in early Asian trade over indications of increasing demand.
- GSK faces new corruption allegations in Romania after a record fine of 3 billion yuan (£310m) for corruption in China last year
- Santander grows second quarter net profits by 17.7 per cent year-on-year to €1.71bn (£1.2bn)
- Global reinsurer Swiss Re reported an 11 per cent rise in first half net income to $2.3bn (£1.47bn)
- German airline Lufthansa has benefited from lower fuel prices to make a net profit of €954m (£607m) for the first half of the year.
Data in focus
- 9:30: UK – June, New lending to individuals – month-on-month
- 10:00: EU - July, Industrial confidence, consumer confidence and business climate
- 13:30: US - Q2, GDP
- 13:30: US - July, Initial jobless claims
- 13:30: US - July, Continuing jobless claims
- 13:30: US - Trade balance