European Markets Poised to Open Higher
European stock markets were expected to start Thursday’s session in positive territory, extending this week’s rally amid a recovery in technology stocks, while investors continued to assess the outlook for the artificial intelligence trade. However, sentiment remained cautious amid weakness in US equity futures, as Nvidia came under pressure following reports that its board was considering removing CEO Jensen Huang amid allegations of multiple affairs. Lower oil prices also provided support for equities, as the US and Iran avoided further military escalation despite ongoing diplomatic deadlock. Meanwhile, investors will closely monitor UK GDP figures for further insight into the region’s economic performance. On the corporate front, market attention will turn to earnings releases from major companies, including Siemens, Allianz, Enel, Munich Re and Merck. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures advanced 0.3% and 0.5%, respectively.
European stock markets were expected to start Thursday’s session in positive territory, extending this week’s rally amid a recovery in technology stocks, while investors continued to assess the outlook for the artificial intelligence trade. However, sentiment remained cautious amid weakness in US equity futures, as Nvidia came under pressure following reports that its board was considering removing CEO Jensen Huang amid allegations of multiple affairs. Lower oil prices also provided support for equities, as the US and Iran avoided further military escalation despite ongoing diplomatic deadlock.
Meanwhile, investors will closely monitor UK GDP figures for further insight into the region’s economic performance. On the corporate front, market attention will turn to earnings releases from major companies, including Siemens, Allianz, Enel, Munich Re and Merck. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures advanced 0.3% and 0.5%, respectively.