Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

European Stock Futures Mainly Lower; Vivendi in the Spotlight

Stock Markets Sep 16, 2021 02:08AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
EUR/USD
+0.50%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XAU/USD
+0.04%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
HK50
-0.49%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LAGA
+1.93%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
KIE
-2.23%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DE30
-1.83%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Peter Nurse 

Investing.com - European stock markets are expected to weaken Thursday, following Asia lower amid slowing growth and increasing regulatory concerns.

At 2:10 AM ET (0610 GMT), the DAX futures contract in Germany traded 0.1% lower, the FTSE 100 futures contract in the U.K. fell 0.3%, but CAC 40 futures in France climbed 0.3%.

European markets have received a weak handover from Asia Thursday, with the Hong Kong benchmark index, the Hang Seng, falling nearly 2%. Casino shares extended the previous day’s rout as the Chinese government sought to tighten its grip on Macau, the world’s biggest gambling hub.

Additionally, troubled Chinese real estate giant Evergrande stock slumped around 10% after its main unit applied to suspend trading of its onshore corporate bonds, raising fresh worries of default risks.

Economic data from China released Wednesday pointed to the world’s second largest economy suffering from slowing growth in August thanks to Covid-19 outbreaks and supply disruptions.

Back in Europe, consolidation in the media sector looks likely after Vivendi (OTC:VIVHY) announced late Wednesday that it was set to purchase another stake in Lagardere (PA:LAGA), paving the way for a full takeover.

The digital entertainment giant, which already has 27% of Lagardere, said it had agreed to buy Amber Capital's 17.9% holding, and would later launch a full bid, once it has passed the 30% threshold requiring companies in France to make a takeover offer.

Also, earnings are expected from the likes of John Lewis (LON:JLH), Kier Group (LON:KIE) and Superdry (LON:SDRY).

Economic data are thin on the ground in Europe Thursday, and a lot of the attention will be on the release of U.S. August retail sales and weekly initial jobless claims for clues of the health of the important U.S. economy.

Crude prices edged higher Thursday, extending recent strong gains after a sharp drawdown in crude stocks in the United States, the largest oil consumer in the world.

Crude inventories fell by 6.4 million barrels last week, according to the Energy Information Administration late Wednesday, as refiners in the U.S. Gulf of Mexico struggled to recover from the damage caused by Hurricane Ida.

By 2:10 AM ET, U.S. crude futures traded 0.1% higher at $72.62 a barrel, while the Brent contract rose 0.1% to $75.52. Both contracts gained around 3% on Wednesday, and are up nearly 50% year-to-date.

Additionally, gold futures fell 0.5% to $1,786.10/oz, while EUR/USD traded 0.1% lower at 1.1805.

 

European Stock Futures Mainly Lower; Vivendi in the Spotlight
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Darrell Peterson
Darrell Peterson Sep 16, 2021 2:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Europe scrambling to avoid the inevitable , will they lead the way ?
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email