European markets open to close, data, earnings, Davos
LONDON — European stocks are expected to open lower Tuesday as U.S. markets struggle to maintain a comeback rally.
United Kingdom’s FTSEIndex opens 35 points lower than 7,468, Germany. DAX 47 points lower at 14,099, France’s CAC 40 down 28 points at 6,310 and Italy’s FTSE MIBData from IG shows that 23945, which is 168 less, was the lowest point.
As global markets fail to recover from weeks of losses, the negative open in Europe is expected.
U.S. stock futures fell in overnight tradingMonday saw stocks rise despite having rallied in the previous trading session. After a week with sharp losses, the Dow rose 618 points (or nearly 2%) on Monday. The S&P 500 rose 1.9%, and the Nasdaq Composite gained 1.6%.
European stock markets were trading up on Monday as well, despite worries about the impact of global economic uncertainty. Markets in Asia-PacificThey were subdued during Tuesday trading
This week’s World Economic Forum takes place in Davos. It brings together business and political leaders around the globe. After several years of Covid-19-related pandemics and Russia’s invading of Ukraine, this year’s summit is at the forefront of the agenda.
CNBC will host a broad range of speakers on Tuesday. They include the chairs of Standard Chartered (Publicis Groupe) and Standard Chartered (Standard Chartered), the Nokia CEOs and ABB chief executives, Gita Gopinath the first deputy managing direct of the IMF and many other leaders.
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