European Stock Futures Largely Higher; Earnings Data Helps

European Stock Futures Largely Higher; Earnings Data Helps

European stock markets are seen opening largely higher Thursday, helped by a generally positive start to the earnings season on Wall Street.

At 3:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.2% higher, the FTSE 100 futures contract in the U.K. rose 0.2%, while CAC 40 futures in France dropped 1%.

On the economic data slate, German consumer prices rose 0.5% on the month in March, rising by less than the 0.7% level seen the previous month

Publicis (PA:PUBP) is likely to be in the spotlight Thursday after the world’s third-largest advertising group returned to organic growth for the first time since the start of the pandemic, fueled by high demand for digital advertising in the United States.

ABB (SIX:ABBN) is also set to be in focus after the Swiss engineering firm lifted its revenue guidance for 2021 after an upbeat first quarter.

The pan-European Stoxx 50 climbed up by 0.24% to 3,985.8. In the cash markets, the DAX futures Germany was trading up 0.29% to 15,271.00. CAC 40 futures in France rose by 0.12% to 6217.50 while the FTSE 100 futures in the U.K. up by 0.67% to 6,894.5, at the time of writing.

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