5/25/2018, 8:21 AM (Source: TeleTrader)
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Europe seen higher after Trump cancels Kim summit

European stock index futures pointed to a higher open on Friday as investors continued to digest the news that United States President Donald Trump decided earlier today to cancel the June meeting with North Korean Leader Kim Jong-un over "the tremendous anger and open hostility displayed in [Kim's] most recent statement." However, market watchers were reassured by Pyongyang's leveled response to Trump's move. Meanwhile, the General Data Protection Regulation (GDPR) are set to be imposed across Europe today. The regulations are expected to substantially impact tech firms' operation on the Old Continent.

The FTSE 100 is expected to add 0.32% at the start of the session. The DAX is seen 0.55% in the green, while the CAC 40 is set to increase 0.59%.

The euro lost 0.15% against the US dollar to sell for 1.1703 at 8:16 am CET.

Breaking the News / VK