European shares look at slight gains before open

Markets 12/7/2018, 8:56 AM
European shares look at slight gains before open

Investors remained cautious on Friday after sharp losses in the stock market, but index futures were modestly in the green ahead of the start of trading in main European exchanges. Sentiment shifted following unconfirmed media reports that officials from the United States Federal Reserve are considering the option to slow down the pace of interest rate increases after they hike this month, in the light of the recent burst of volatility. In other news, Japan's government is said to be preparing a ban on Huawei and ZTE's equipment in public procurement because of national security concerns.

The FTSE 100 was seen gaining 0.63% at 8:55 am CET. The German DAX was expected to advance only 0.09%, compared to a rise in the CAC 40 by 0.12%. The Euro Stoxx 50 was poised to climb 0.13%.

Gold added 0.18% to change hands for $1,240.34 per ounce and silver was flat at $14.48. The euro slipped 0.07% to $1.13738 and the pound declined 0.17% to $1.2766.

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Share:

GBP/USD-0.66%

1.2581
Chart for: GBP/USD Spot

France 40 Ind...-0.87%

4,840.25
Chart for: France 40 Index

Germany 30 In...-0.50%

10,847.45
Chart for: Germany 30 Index

EUR/USD-0.56%

1.1301
Chart for: EUR/USD Spot

EU Stocks 50 ...-0.68%

3,084.00
Chart for: EU Stocks 50 Index

UK 100 Index-0.48%

6,813.50
Chart for: UK 100 Index