{"id":123003,"date":"2021-11-16T07:55:01","date_gmt":"2021-11-16T07:55:01","guid":{"rendered":"https:\/\/fin2me.com\/?p=123003"},"modified":"2021-11-16T07:55:01","modified_gmt":"2021-11-16T07:55:01","slug":"european-markets-set-for-lackluster-open-with-earnings-and-data-in-focus","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/european-markets-set-for-lackluster-open-with-earnings-and-data-in-focus\/","title":{"rendered":"European markets set for lackluster open with earnings and data in focus"},"content":{"rendered":"
LONDON \u2014 European stocks are set for a muted open on Tuesday as investors await key economic data and digest a slew of corporate earnings.<\/p>\n
Britain's FTSE 100 is seen around 8 points lower at 7,344, Germany's DAX is set to slide by around 19 points to 16,130 and France's CAC 40 is expected to drop around 6 points to 7,123, according to IG data.<\/p>\n
Markets in Asia-Pacific were mixed during Tuesday's trade as investors monitored virtual talks between U.S. President\u00a0Joe Biden\u00a0and Chinese President\u00a0Xi Jinping.<\/p>\n
Stateside, stock futures were flat in overnight premarket deals as investors assessed a jump in yields, with inflation concerns continuing to weigh on global markets. Significant corporate earnings and economic data releases are expected later in the day.<\/p>\n
Back in Europe, tensions are escalating over Russia's alleged build-up of troops at the Ukrainian border, with NATO warning that it would be prepared to defend the sovereignty of Ukraine.<\/p>\n
Meanwhile, a migrant crisis at Belarus' borders with Poland, Latvia and Lithuania has landed Minsk in the crosshairs of the European Union, with foreign ministers discussing a fresh round of sanctions against President Alexander Lukashenko and other entities.<\/p>\n
On the data front, U.K. employment and wage figures for September are due before the opening bell on Tuesday. Euro zone third-quarter employment and GDP readings will be published mid-morning.<\/p>\n
Corporate earnings in Europe come from Imperial Brands, Bouygues, Vodafone and Asda among others.<\/p>\n
Bitcoin and other cryptocurrencies fell sharply on Tuesday, retreating from near record highs.<\/p>\n
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