European Stock Futures Higher; Dovish Fed Message Helps

European Stock Futures

European Stock Futures Higher; Dovish Fed Message Helps

European stock markets are seen edging higher at the open Thursday, as investors digest the Federal Reserve’s decision to keep to its easy money policy while the first-quarter earnings season continues.

At 3:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.5% and the FTSE 100 futures contract in the U.K. rose 0.2%.

It’s also a busy day for European corporate earnings.

Aircraft manufacturer Airbus (PA:AIR) posted higher first-quarter core earnings on Thursday but kept its forecasts unchanged amid uncertainty while the Covid-19 pandemic lingers. The problems of its customers were evident in German carrier Deutsche Lufthansa’s (DE:LHAG) results, which showed another first-quarter net loss , albeit a smaller one thanks to drastic cost cuts. Lufthansa said it expects a significant market recovery in the second half of the year.

The pan-European Stoxx 50 climbed up by 0.08% to 4,015.0. In the cash markets, the DAX futures Germany was trading up 0.16% to 15,333.00. CAC 40 futures in France up by 0.36% to 6275.50 while the FTSE 100 futures in the U.K. up by 0.51% to 6,931.5, at the time of writing.

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European Stock Futures

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