Futures indicate decline in European stocks

12/1, 8:35 AM (Source: TeleTrader.com)

While oil continued its rally on Thursday on the wings of an upcoming global deal on output caps and cuts, precious metals edged to positive territory and traders' bets implied a softer open on stock exchanges in Europe.

The euro ticked 0.1% down against the pound and added just 0.16% compared to the dollar (both 8:32 a.m. CET). At the same time, the pound strengthened 0.25% versus the greenback. The Euro Stoxx 50 was seen slipping 0.39% and the FTSE 100 was expected to lose 0.23%. Futures indicated French CAC 40 would lose 0.3% and implied the DAX is set to shed 0.37 at the opening bell.

Gold moved 0.16% to the green, trading for $1,174,95 per ounce and silver added two cents, to go for $16.53 for one troy ounce. Platinum climbed 0.33% to $913 and palladium rose 0.58% to $775 per ounce.

TeleTrader Newsroom / IT