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28 Aug 2015
European stocks tipped-off for a steady start ahead of UK GDP
FXStreet (Mumbai) - European indices are expected to open the last trading session of the week on a flatter note, shrugging off strong performances staged by their US and Asian counterparts as markets remain cautious ahead of key data releases during the session – UK GDP and German CPI.
Stocks in Asia extended its recovery from Monday’s fall and rallied on Friday, with the closely-watched Shanghai Composite index (SSEC) jumping about 1%.
Before the market open, futures for Germany's DAX 30 index added 0.14% to 10,326.80, while futures for the UK FTSE 100 index rose 0.10% to 6,193.30.
Among the other indices, French CAC 40 futures gained 0.18% to 4,666.70, while futures for the pan-European Euro Stoxx 50 index increased 0.16% to 3,288.50.
The main market mover in the European session ahead is expected to be the UK growth numbers. Markets predict an expansion of 0.7% quarter-on-quarter, after 0.4% growth recorded for the first quarter.
Stocks in Asia extended its recovery from Monday’s fall and rallied on Friday, with the closely-watched Shanghai Composite index (SSEC) jumping about 1%.
Before the market open, futures for Germany's DAX 30 index added 0.14% to 10,326.80, while futures for the UK FTSE 100 index rose 0.10% to 6,193.30.
Among the other indices, French CAC 40 futures gained 0.18% to 4,666.70, while futures for the pan-European Euro Stoxx 50 index increased 0.16% to 3,288.50.
The main market mover in the European session ahead is expected to be the UK growth numbers. Markets predict an expansion of 0.7% quarter-on-quarter, after 0.4% growth recorded for the first quarter.