Stock futures indicate stronger open in Europe

10/19, 7:23 AM (Source:

Gold ticked lower and market bets implied a rise in main stock indexes in Europe on Wednesday, following a solid growth report from the world's second-largest economy for the third quarter. China's gross domestic product expanded 6.7% on an annual basis, unchanged from the previous three months, while the previous quarterly rise was slightly revised upward. On the other hand, industrial production growth in September came in slightly softened.

A reading of stock index futures showed the FTSE 100 is expected to grow 0.1%, the DAX index was seen adding 0.32% and the CAC 40 was expected to climb 0.31% at the opening bell. Gold changed hands for $1,261.14 per ounce or 0.11% down in the session, silver edged 0.06% down to $17.16 for one ounce and platinum declined 0.32% to $942.5, while palladium rose 0.47% to $640.5 per ounce (all 7:22 a.m. CET).

Teletrader Newsroom / IT