{"id":113571,"date":"2021-05-05T06:19:13","date_gmt":"2021-05-05T06:19:13","guid":{"rendered":"https:\/\/fin2me.com\/?p=113571"},"modified":"2021-05-05T06:19:13","modified_gmt":"2021-05-05T06:19:13","slug":"european-markets-set-for-higher-open-as-investors-monitor-earnings-data","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/european-markets-set-for-higher-open-as-investors-monitor-earnings-data\/","title":{"rendered":"European markets set for higher open as investors monitor earnings, data"},"content":{"rendered":"<ul>\n<li>It&#x27;s another busy day for corporate earnings in Europe on Wednesday with Stellantis, Allianz, Commerzbank and Deutsche Post DHL Group among those reporting before the bell.<\/li>\n<li>Final composite and services PMI (purchasing managers&#x27; index) readings for April are due out of Italy, Germany, France and the wider euro zone on Wednesday morning.<\/li>\n<\/ul>\n<p>LONDON \u2014 European stocks are expected to open higher Wednesday as investors digest a fresh round of corporate earnings and key economic data out of the euro zone.<\/p>\n<p>Britain&#x27;s FTSE 100 is set to climb around 39 points to 6,962, Germany&#x27;s DAX is expected to gain around 97 points to 14,953 and France&#x27;s CAC 40 is seen around 16 points higher at 6,268, according to IG data.<\/p>\n<p>Shares in Asia-Pacific were mostly subdued on Wednesday after a stateside sell-off in tech stocks, with major markets in China and Japan still closed for holidays. U.S. futures are indicating a cautiously positive open on Wall Street later in the day.<\/p>\n<p>European shares will be looking to rebound Wednesday after a sharp nosedive late in Tuesday&#x27;s session, with the tech sector plunging 3.8% as tech stocks around the world tumbled amid fears over high valuations and the reopening of economies, after tough coronavirus restrictions that heavily benefited tech.<\/p>\n<p>Final composite and services PMI (purchasing managers&#x27; index) readings for April are due out of Italy, Germany, France and the wider euro zone on Wednesday morning, offering an insight into the state of the common currency bloc&#x27;s economic recovery. <\/p>\n<p>Euro zone producer prices for March will also be published.<\/p>\n<p>It&#x27;s another busy day for corporate earnings on Wednesday in Europe with Stellantis, Allianz, Commerzbank and Deutsche Post DHL Group among those reporting before the bell.<\/p>\n<p><em>Subscribe <\/em><em>to CNBC PRO<\/em><em> for exclusive insights and analysis, and live business day programming from around the world.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/05\/05\/europe-markets-earnings-economic-data.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#x27;s another busy day for corporate earnings in Europe on Wednesday with Stellantis, Allianz, Commerzbank and Deutsche Post DHL Group among those reporting before the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":113570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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