European equities are expected to open lower Friday as slumping commodity prices worry investors.
European stocks look set to track Asian markets and Wall Street lower, with risk-off sentiment in full swing amid sharp falls in the price of commodities.
Investors in Europe will also pay close attention to preliminary third quarter GDP data due from Italy, Germany, France and the euro zone as a whole. Up to now - French GDP (QoQ) (Q3) = 0.3%, by forecast: 0.3%; German GDP (QoQ) (Q3) = 0.3%, by forecast: 0.3%.
In business news, Roche is to stop manufacturing at four sites in Europe and the U.S. in a move that could mean up to 1,200 job losses as it addresses "current under-utilization" resulting from a changing portfolio of medications, Reuters reported.
Earnings on Friday come from Gazprom, Rusal and Bouygues.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.