European Stock Futures Edge Higher; Deutsche Bank’s 1Q Impresses

European Stock Futures Edge Higher; Deutsche Bank’s 1Q Impresses

European stock markets are seen opening marginally higher Wednesday, with investors waiting for news from the Federal Reserve on a busy day for corporate earnings.

At 2:10 AM ET (0710 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.3%.

A number of blue-chip European companies released quarterly earnings Wednesday, and the banking sector is likely to be in the spotlight.

Deutsche Bank (DE:DBKGn) posted its best quarterly profit since the first quarter of 2014, as strength at the investment bank helped offset the headwinds of an ongoing restructuring program and the coronavirus pandemic.

The pan-European Stoxx 50 climbed up by 0.13% to 4,017.2. In the cash markets, the DAX futures Germany was trading up 0.27% to 15,302.00. CAC 40 futures in France up by 0.27% to 6236.00 while the FTSE 100 futures in the U.K. down by 0.54% to 6,896.5, at the time of writing.

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