European markets look to open lower ahead of growth data today. We are set to receive GDP data from the eurozone which his expected to show the region is in a recession.
European markets closed lower yesterday as anti austerity strikes swept across the continent. Police clashed with protestors in both Spain and Portugal. As of right now the FTSE is showing that futures are down nearly 40 points, the German DAX is down 46 points and the CAC in France is lower by 26 points.
Economists are expecting today’s data release to show the eurozone GDP contracting by 0.2 percent following last quarter’s 0.2 percent contraction. This will indicate a recession for the eurozone economy. This will be the zone’s second recession since 2009.
The following companies will release earnings today: Out of Germany, Air Berlin, and Merck. The Zurich Insurance Group and Russian Steel and Mining will report Q3 earnings today. In the U.K. we will here from Wal-Mart and WS Atkins.
DISCLOSURE AND DISCLAIMER: The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader.
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European Markets Set To Open Lower Ahead Of Data
Published 11/15/2012, 04:06 AM
Updated 02/02/2022, 05:40 AM
European Markets Set To Open Lower Ahead Of Data
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