European markets head for a lower open as traders await inflation data
European markets are heading for a lower open Tuesday, as investors assess what U.S. President-elect Donald Trump’s return to the White House could mean for the region’s economy amid worries about possible tariffs.
The U.K.’s FTSE 100 index is expected to open 18 points lower at 8,054, Germany’s DAX down 93 points at 19,355, France’s CAC down 34 points at 7,392 and Italy’s FTSE MIB down 157 points at 33,659 according to data from IG.
Investors will scrutinize a fresh batch of economic data this week, including an inflation reading from Germany on Tuesday, and U.S. inflation and U.K. gross domestic product on Thursday.
Infineon, Bayer, Vodafone and AstraZeneca will report earnings, while U.K. unemployment and European and German ZEW economic sentiment figures are also due today.
Asia-Pacific markets mostly fell overnight with investors exercising caution even as US. stocks continued their postelection rally, with key benchmarks closing at record highs. U.S. stock futures were near flat early Tuesday.
President-elect Donald Trump’s return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead.
The Republican sweep of the presidency and, potentially, both houses of Congress has triggered what analysts call the return of “Trump trades” — but with key differences to 2016 that could reshape the investment outlook.
Wall Street banks have digested the potential impact of Trump’s win on U.S. bonds, Asian and European stocks, and currencies and what lies ahead for investors. (Cay)
Source : CNBC
