European markets open lower after Fed meeting, Italy in focus

Friday, 9 November 2018 15:15 WIB

Indeks Stoxx Europe 600Saham EropaStoxx Europe 600


European equities open lower on Friday morning as they continue to chase global market sentiment.

The pan-European Stoxx 600 opened down 0.4% to 365.57with almost every sector in the red.

In Europe, there's still a strong focus on earnings. Monte Dei Paschi, Allianz and Richemont are among the companies reporting in Europe.

Investors are also closely monitoring developments in Italy, after the European Commission said Thursday that Rome's economic forecasts are not in line with its own calculations. Eurogroup President Mario Centeno is meeting Italy's finance minister Giovanni Tria at 11.30 GMT.

Meanwhile, in Brexit news, the U.K. government is set to hold critical meetings during the weekend, as European Council President Donald Tusk said Thursday he hopes for a breakthrough within days.

On the data front, there will be balance of trade figures out in the U.K. at 9.30 am London time and GDP numbers also due at the same time.

Source: CNBC




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