7/13/2018, 8:30 AM (Source: TeleTrader)
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European stocks seen higher amid Trump's UK visit

European stock market index futures point to a higher start on Friday as United States President Donald Trump resumes his working visit to the United Kingdom, which will include a meeting with the UK Prime Minister Theresa May at Chequers and an official greeting with Queen Elizabeth II in Windsor Castle later in the day. Yesterday, following a tense NATO summit in Brussels, Trump flew to the UK where he attended a black-tie gala dinner at Blenheim Palace. In an interview with the Sun, Trump said that May's Brexit plan could jeopardize a future trade agreement with the US. On the earnings front, big US banks including JPMorgan, Wells Fargo and Citigroup are set to report their quarterly results later today.

The FTSE 100 is set to start with a 0.58% gain, while the DAX is expected to add 0.51% at the start of the session. Meanwhile, the CAC 40 is seen 0.48% in the green at the opening bell.

The euro lost 0.08% against the dollar to sell for 1.1661 at 8:27 am CET, while the pound was down 0.27% versus the greenback to go for 1.3170 at the same time.

Breaking the News / FH