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Indonesia News Portal for Traders | Financial & Business Updates

8 November 2024 14:38  |

European Markets Set to End Week on Positive Note

European equity markets were set to open higher on Friday, poised to wrap up a volatile week shaped by Donald Trump's victory in the US presidential election and interest rate cuts from both the US Federal Reserve and the Bank of England.

Investors also kept a close watch on political developments in Germany, where Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner earlier in the week, signaling the end of the country's three-way coalition government.

Meanwhile, market participants will evaluate earnings reports from Swiss luxury group Richemont and British Airways-owner IAG later today. Euro Stoxx 50 and Stoxx 600 futures were both up by about 0.1% in premarket trade.

Source: Trading Economics

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