GLOBAL MARKETS - European markets expected to open higher
Istanbul, October 4 (Hibya)—European stocks were poised for a higher open Friday as traders continued to monitor the escalating conflict in the Middle East and look ahead to the latest U.S. jobs report.
According to the analysts, the FTSE 100 opened up 7 points at 8,281, Germany’s DAX 38 points higher at 19,029, France’s CAC up 23 points at 7,489, and Italy’s FTSE MIB 100 points higher at 32,171.
It comes after the Stoxx 600 shed 1% Thursday as geopolitical tensions have contributed to a shaky start to October.
Investors are looking ahead Friday to the September payrolls report, with U.S. futures little changed overnight.
Asia-Pacific markets traded mixed on Friday following losses on Wall Street Thursday. Concerns over Middle East tensions kept investors on edge ahead of September’s U.S. payrolls report.
However, Hong Kong’s Hang Seng index extended its rally on China’s stimulus program, with markets on the mainland still closed for the Golden Week holiday.
In Europe, earnings to come Friday from U.K. pub chain J D Wetherspoon, while France releases its industrial production data and the U.K. prints construction data.
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