TELETRADER News
7/27/2018, 8:38 AM (Source: TeleTrader)
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European stocks seen flat to higher before US GDP data

Investors' bets on Friday before the opening bell in Europe showed positive sentiment regarding British equities, helped by a slightly weaker pound and following a weak rise from the previous session. On the flipside, stocks in Paris and Frankfurt were seen with marginal gains following yesterday's jump, which accelerated as the European Central Bank didn't change any of the stimulus measures from its arsenal and provided an upbeat forecast for the economy.

Of note, BP Plc agreed to purchase shale oil and gas operations in the United States from BHP Billiton Ltd., also traded as BHP Billiton Plc, for $10.5 billion, winning in a race for the assets against Shell and Chevron. Market participants were mostly focused on the upcoming report on the gross domestic product of the United States for the second quarter, together with the personal consumption expenditures, a key measure of inflation for the Federal Reserve.

Gold added only 0.05% at 8:35 am CET, selling for $1,223.21 per ounce, compared to a rise in spot silver of 0.22% to $15.42. The euro was flat at $1.1641 and 0.09% in the green at £0.889. The pound slipped 0.12% to $1.3092. Stock index futures showed the FTSE 100 at 0.53% above the flat line, while the DAX was 0.07% higher and the reading for the CAC 40 was 0.04% up.

Baha Breaking News (BBN) / IT