Futures indicate decline in European stocks
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.