Steady opening in European stock markets – Market expectations are expected to darken in Germany

The Stoxx Europe 600 index, which broadly follows European equities, opened for a 0.2% decline.

However, the movements in the indices were mostly small. After about a quarter of trading, the DAX in Frankfurt was up 0.1 percent, while the CAC 40 in Paris and the FTSE 100 in London were down 0.1 percent.

Of the industries, communications (+ 0.2%) were in the best position, with the financial sector performing the weakest in the financial sector (-0.4%) and discretionary consumer goods (-0.4%).

In the largest companies, the hardest draw was the pharmaceutical company that had raised its prospects Bayer (+3.5%). The telecom operator also saw a good rise Vodafonelta (+0.4) and an energy company Royal Dutch Shelliltä (+0,3 %).

A steady opening to the United States is also expected today, with major index futures movements small.

In Germany, the current account and trade balance were published in September. The trade surplus was approximately forecast at EUR 16.2 billion. The current account surplus increased by 2.6 billion more than expected to EUR 19.6 billion.

At noon Finnish time, the latest ZEW index reading is published in Germany, which surveys expectations related to economic growth and market development. Economists expect the reading to be 20.0, the lowest level since March 2020.

Source: Arvopaperi by

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