European futures point to higher open

Market Reports | Markets 5/19/2017, 8:17 AM
European futures point to higher open

Markets in Europe are expected to open with gains on Friday, picking up on positive sentiment from Wall Street. The DAX is set to gain 0.10%, the FTSE 100 is seen 0.34% in the green and the CAC 40 futures indicate an increase of 0.22%.

United States indexes ended the previous session higher after the Trump administration informed Congress about its intention to renegotiate the North American Free Trade Agreement (NAFTA) and former FBI Director Robert Mueller was chosen to oversee the FBI investigation into Russia's alleged interference in the 2016 US presidential election and possible ties between Moscow and the Trump team. Meanwhile, Trump claimed he was a victim of a "witch hunt."

The euro rose 0.15% against the dollar to sell for 1.1121 and the pound edged up 0.08% compared to the US currency to go for 1.2951 at 8:23 am CET. Sterling traded 0.10% lower against the euro to change hands for 1.1644 at 8:24 am CET.

TeleTrader Newsroom / NP

Share:

UK 100 Index-0.11%

7,296.75
Chart for: UK 100 Index

EUR/USD-0.68%

1.1866
Chart for: EUR/USD Spot

Germany 30 In...-0.19%

12,583.00
Chart for: Germany 30 Index

France 40 Ind...-0.36%

5,262.75
Chart for: France 40 Index