European Stock Futures Inch Higher Focus On Retail Sales

 European Stock Futures Inch Higher Focus On Retail Sales

European Stock Futures Inch Higher; Focus On Retail Sales

According to analysts, the stock markets of Europe will open a little higher during the Tuesday trading session. And considering the positive retail sales data from Eurozone, the EU stock markets will further add to the gains made during the Asian session.

For now, the DAX futures were up by 0.3%, while the CAC 40 futures was 0.4% higher. In the United Kingdom, the FTSE 100 futures were also up by 0.4%, which is similar to what we saw in France.

European Equities To Benefit From Positive Sentiment

The European investors will be returning back to the markets after a holiday, and this time, the outlook is broadly positive.

The Nikkei 225 index from Japan is already up by 1% after news of Warren Buffet's investment. He already holds shares in various trading firms in Japan and has now given indications that he will be investing more in Japan.

Looking back at Europe, the next important economic release is the retail sales from the Eurozone. Other than that, there's not much to look forward to!

According to analysts, EU retail sales are expected to be down by 0.8% for the month. On an annual basis, that would be a drop of 3.5% which highlights that high prices have affected the consumer's income.

The major focus this week will be the jobs reports from the USA that will provide hints about the US economy.

Last month, the NFP report revealed that 236000 jobs were added, and the unemployment rate touched 3.5%. So, in theory, more rate hikes are now on the cards, and there's less chance of any deviation from the current policy.

Technically speaking, any rate hikes by the European central bank wouldn't spell good news for the EU shares markets. But a pause in the rate hike cycle or a rate cut in the EU region will most likely add strength to the EU shares markets.

Trending Stories