Europe to focus on Earnings and Data

trump, cac 40, french, france, europe, europeanThe financial stock bourses across Europe are looking at a mixed open this morning. Investors are focusing on fresh data, corporate earnings and global security concerns.

As of 7:00 am London time, stocks futures in Britain are three points higher. Futures in Germany are down two points and futures in France are up six points.

On the earnings front, for corporations in Europe, the docket is full today with EasyJet, Vodafone and Premier Foods all set to report their first quarter results.

In European politics, German Chancellor Angela Merkel expressed a new openness towards changes to help secure the future of the European Union. She met with newly-elected French President Emmanuel Macron on Monday evening. The two leaders said Macron’s election victory will only improve the Franco-German relationship. This relationship is seen as a key driver that binds EU member states cohesively.

Europe eyes Politics this Morning

Elsewhere in politics, in Europe, Britain’s International Trade Secretary, Liam Fox, said the United Kingdom would be a leading supporter of free trade. This is despite its intent to depart from the European Union. Fox stressed Britain would not pursue isolationist policies throughout and criticized other nations for a slowdown in international trade.

On the economic calendar today, the Eurozone will release its gross domestic product number and the closely watched ZEW survey showing investor moral in Germany. The IEA is also releasing oil data this morning.

David Frank

David Frank

Chief Market Strategist at CupO'Forex
David has his MA and PhD in Economics. He is a technical analyst who has been trading in the Forex world for over a decade. As an analyst and trader, David believes in the big picture by blending together technical analysis with the fundamentals behind the scenes in the Forex and Bond markets. David’s trading strategy is unique. He blends an understanding of fundamental and macroeconomics with technical analysis to offer a unique view into Forex. He applies several strategies including carry long positions, to take advantage of high yields in non-volatile markets, as well as using quicker, chart related analysis for day trading.
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