Free Trial

European Indices Drift as US Data Due

EQUITIES
  • After a solid Wednesday session, European equity markets are drifting ahead of the NY crossover, with losses led by the UK's FTSE-100, lower by 0.7%, as GBP strength adds to the downside pressure.
  • Across the continent, utilities and real estate names are leading the decline, with the consumer discretionary sector the only group to post (mild) gains ahead of the halfway point of the session.
  • US futures are tilted slightly lower, with the e-mini S&P rolling further off the week's highs of 4,230. NASDAQ futures are underperforming, pointing to a negative open of around 0.3% in a few hours' time.
  • US data will likely prove a decent driver going forward, with ADP employment change, weekly US jobless claims and the ISM services index all due.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.