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.
EURO STOXX 50: