10/12/2018, 8:22 AM (Source:
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Europe seen higher as selloff fizzles

European equities were seen starting the session on Friday in the green following a day of sharp losses amid a global market selloff. Overseas, the Dow Jones ended Thursday's session 500 points down, adding to an 800 point drop recorded the day before, while the Nasdaq 100 and S&P 500 posted big losses as well. However, US stock index futures point to a higher open of markets later in the day.

Meanwhile, earnings season begins with banks reporting their quarterly results. JPMorgan and Chase, Wells Fargo and Citigroup will release their financial updates before the opening bell on Wall Street.

The DAX was seen gaining 0.65%, the CAC 40 was expected to climb 0.80%, while the FTSE 100 was seen advancing 0.39% at the open. The euro was down 0.03% against the dollar at 8:22 am CET, buying 1.15906.

Breaking the News / JC