European markets set to open lower after reaching record high

European markets set to open lower after reaching record high


European markets are set to climb down from record highs when trading resumes on Friday, as corporate earnings, monetary policy and key U.S. jobs data remain in focus.

London’s FTSE 100 is expected to open 24 points lower at 8,712 points, according to IG. The German DAX index is slated to open 17 points lower at 21,897, IG’s data suggests, while the French CAC 40 is expected to shed 24 points to open at 7,998 points.

Stocks in Europe closed at a record high on Thursday, erasing losses earlier this week when the beginnings of a possible U.S.-China trade war sent jitters through global markets.

The fresh highs came after a flurry of company earnings report and an interest rate cut from the Bank of England. The central bank on Thursday cut its key rate by 25 basis points and signaled more cuts were on the horizon in 2025. However, it also halved its growth projection for Britain, slashing its 2025 growth forecast from 1.5% to 0.75%.

Bank of England Governor Andrew Bailey told CNBC on Thursday that even if the U.K. manages to avoid U.S. President Donald Trump’s tariffs regime, a trade war between the U.S. and another major economy “will have an effect” on Britain.

Friday will see the release of January U.S. jobs data, which is scheduled for publication at 8:30 a.m. ET. Economists polled by Dow Jones are anticipating nonfarm payrolls growth to have cooled to 169,000 new jobs in January, down from the 256,000 jobs added in December. The Dow Jones survey also found economists are expecting America’s unemployment rate to hold steady at 4.1%.

In Europe, data releases will include French and German import and export data, house price data from the U.K., and an industrial production print from Spain.

Corporate earnings releases will resume in Europe on Friday, with a handful of companies including Danske Bank, Ashmore Group and Kongsberg slated to update investors on their finances.

Overnight in Asia, stocks were mixed as investors digested India’s first interest rate cut in almost five years and economic data out of Japan.

On Wall Street, stock futures were little changed ahead of the release of the United States’ January jobs report.  

— CNBC’s Hakyung Kim contributed to this report.



Source

European stocks open lower with EU tariff letter expected from White House
World

European stocks open lower with EU tariff letter expected from White House

BP flags lower gas, oil sales and impairment of up to $1.5 billion A electric pylon passed behind the BP logo displayed outside a petrol station that also offers electric vehicle recharging in Trowbridge in Somerset, England, on March 15, 2025. Anna Barclay | Getty Images News | Getty Images British oil major BP on […]

Read More
UK economy contracts again in May, missing expectations for slight rebound
World

UK economy contracts again in May, missing expectations for slight rebound

London. Dukas | Universal Images Group | Getty Images The U.K. economy shrank again in May, data showed Friday. The latest monthly growth figures from the Office for National Statistics showed U.K. gross domestic product (GDP) contracted 0.1% month-on-month in May. Analysts polled by Reuters had expected a 0.1% expansion. The latest data follows a […]

Read More
This CEO’s startup has raised  million and is backed by Sundar Pichai. He shares his ‘superpower’ tip for aspiring entrepreneurs
World

This CEO’s startup has raised $92 million and is backed by Sundar Pichai. He shares his ‘superpower’ tip for aspiring entrepreneurs

Caesar Sengupta, co-founder and CEO of Arta Finance. Courtesy of Arta Finance Given the ups and downs of the startup journey, the biggest “superpower” that entrepreneurs can have is the ability to ground themselves, said Caesar Sengupta, co-founder and CEO of fintech startup Arta Finance. “There’s so much noise in the world,” Sengupta told CNBC […]

Read More