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European Stocks Set For Mixed Open As Global Markets Stabilize Despite North Korea Concerns

European Stocks Set For Mixed Open as Global Markets Stabilize Despite North Korea Concerns

Biphoo

10 Aug 2017

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European Stocks Set For Mixed Open as Global Markets Stabilize Despite North Korea Concerns,TOP USA Latest Business and Regional News.

European Stocks Set For Mixed Open as Global Markets Stabilize Despite North Korea Concerns

European Stocks Set For Mixed Open as Global Markets Stabilize Despite North Korea Concerns: European stocks are expected to open modestly higher Thursday as global equity markets stabilise following yesterday's spike in volatility linked to the escalating military tensions between North Korea and the United States.

Britain's FTSE 100 is likely to add around 4 points, or 0.05%, at the start of trading, according to financial bookmakers IG, although with several heavyweight shares, including Royal Dutch Shell plc (RDS.A) , BP plc (RDS.A) and GlaxoSmithKline plc (GSK) , all set to trade without the right to their regular dividend, the benchmark could slide into the red at the start of trading. Similar -- albeit modest -- percentage gains are anticipated for markets in Germany and France after both suffered their biggest single-day declines since July 21 during the Wednesday session.

Switzerland's SMI, which recorded its second-biggest decline of the year yesterday as the Swiss franc rose more than 1% against the European single currency, is priced to gain around 0.14% at the opening bell.

Stocks overnight in Asia stabilised, although with a bias to the downside, as shares in South Korea fell to the lowest level in two months and the region-wide MSCI Asia ex-Japan index falling 0.11%.

Currency movements also appeared to cool as investors reversed some of yesterday's "safe haven" flows, which were driven by the dangerously heated rhetoric between President Donald Trump and government and military officials from Pyongyang, and gingerly put cash back into riskier markets.

The yen drifted 0.4% lower from yesterday's levels to 1.1002 against the U.S. dollar, helping to keep the benchmark Nikkei 225 largely unchanged over the Thursday trading session, while the dollar index, which measures the greenback's strength against a basket of six global currencies, gained 0.12% to 93.74.

Global oil prices were also little changed in early European trading, with West Texas Intermediate crude futures for September delivery changing hands at $49.60 per barrel and Brent contracts for October delivery, the global benchmark, seen essentially flat from their Wednesday close in New York at $52.70.

Early indications from U.S. futures prices suggest a slight dip at the opening bell for the Dow Jones Industrial Average of around 0.11%, with slightly larger pullbacks anticipated for the broader S&P 500 and the Nasdaq.

Source:https://www.thestreet.com/story/14264939/2/european-stocks-set-for-mixed-open-as-global-markets-stabilize-despite-north-korea-concerns.html

Biphoo

10 Aug 2017

160 Views

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