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12/7, 8:56 AM (Source: TeleTrader.com)
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European shares look at slight gains before open

Investors remained cautious on Friday after sharp losses in the stock market, but index futures were modestly in the green ahead of the start of trading in main European exchanges. Sentiment shifted following unconfirmed media reports that officials from the United States Federal Reserve are considering the option to slow down the pace of interest rate increases after they hike this month, in the light of the recent burst of volatility. In other news, Japan's government is said to be preparing a ban on Huawei and ZTE's equipment in public procurement because of national security concerns.

The FTSE 100 was seen gaining 0.63% at 8:55 am CET. The German DAX was expected to advance only 0.09%, compared to a rise in the CAC 40 by 0.12%. The Euro Stoxx 50 was poised to climb 0.13%.

Gold added 0.18% to change hands for $1,240.34 per ounce and silver was flat at $14.48. The euro slipped 0.07% to $1.13738 and the pound declined 0.17% to $1.2766.

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