European Stock Futures Lower; French 1Q GDP Impresses

European stock markets are seen opening slightly lower Friday, ending the week on a cautious note following disappointing Chinese growth data and ahead of key European numbers and the continuing first-quarter earnings season.

At 3:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% lower, CAC 40 futures in France were flat and the FTSE 100 futures contract in the U.K. fell 0.2%.

The French economy also grew more than expected in the first quarter, climbing 0.4% from the fourth quarter, as consumer spending and business investment held up despite coronavirus curbs.

More GDP and inflation data are due from the major European countries and the Eurozone as a whole.

The pan-European Stoxx 50 climbed up by 0.20% to 3,964.0. In the cash markets, the DAX futures Germany was trading up 0.30% to 15,206.00. CAC 40 futures in France up by 0.22% to 6263.50 while the FTSE 100 futures in the U.K. flat at 6,931.5, at the time of writing.

TECHNICAL INDICATORS

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