Sunday, November 28, 2021
Home > BUSINESS > Global mood is still lukewarm, growth, data in focus

Global mood is still lukewarm, growth, data in focus

Global mood is still lukewarm, growth, data in focus

LONDON – European markets will rise higher on Friday, surpassing other major markets as global investors continue to weigh on the prospect of slowing economic growth.

Britain’s FTSE 100 is seen about 40 points higher at 7,067, Germany’s DAX is expected to rise about 80 points to 15,732, and France’s CAC 40 is expected to add about 39 points to 6,661, according to IG data.

Shares in the Asia-Pacific region were mixed on Friday after taking losses for much of the week as concerns about China’s regulatory crashes and declining global growth weighed on risk sentiment. Shares of China Evergrande Group continued to fall in fear of its debt problems.

On the government side, stock futures were subdued in the early trading of pre-markets as investors are cautious in the traditionally weak September.

Investors in recent days have reacted to softer US inflation data, which dampened expectations of an impending downsizing of Federal Reserve asset purchases and weak retail sales figures from China, suggesting a slowdown in the global economic recovery.

Back in Europe, French carmaker Renault announced on Thursday that it will increase up to 2,000 engineering and support jobs in France amid a mass transition to electric vehicles.

Stock Selection and Investment Trends from CNBC Pro:

On the data front, August’s UK retail sales are due to take place before noon on Friday, while a wide range of harmonized eurozone inflation figures are expected later in the morning.

S4 Capital reports half-year earnings, while Primark owner Associated British Foods issues a trading update.

Subscribe to CNBC PRO for exclusive insight and analysis and live programming of weekdays from around the world.

.

Leave a Reply

Your email address will not be published. Required fields are marked *