European Stocks Poised for Gains as Economic Data Looms
BRUSSELS – european stock exchanges are anticipating a positive opening to the trading week, buoyed by recent currency movements and ahead of a series of key economic releases. The Euro against the US Dollar stood at 1.1720 this morning at 1:17 AM CET, slightly higher than Friday evening’s close of 1.17174. Meanwhile, the USD/JPY Yen pair was trading at 148.13, and the EUR/JPY Yen at 173.54.
These figures arrive as investors prepare for a busy day of macroeconomic data. Scheduled releases include Japanese economic growth figures for the second quarter at 12:50 AM CET, followed by Chinese commercial balance data for August and German industrial production numbers for July at 4:00 AM CET.Further German commercial balance data for July is expected at 8:00 AM CET, and the US will release consumer credit figures for July at 10:00 PM CET. Beyond economics, Oracle is set to announce its first-quarter earnings at 10:00 PM CET, potentially influencing market sentiment.The French Parliament will also be considering a vote on trust in the Bayrou government this evening. These developments collectively shape the outlook for European markets as traders assess global economic health and corporate performance.
