European stocks are set to open lower Monday morning, as investors prepared for what is expected to be a tough U.S. earnings season.
The FTSE 100 is seen 18 points lower at 7,426, the CAC is expected open down around 14 points at 5,462, while the DAX is poised to start 59 points lower at 11,950, according to IG.
Market focus is largely attuned to corporate results, with major U.S. banks set to get the ball rolling later in the week.Analysts have warned that the upcoming earnings season could be the first quarter of contracting corporate results since 2016. Back in Europe, U.K. Prime Minister Theresa May is still searching for a new plan to secure a delay to Brexit from EU leaders at a summit on Wednesday.
U.K. lawmakers have so far failed to approve a withdrawal agreement, with the world's fifth-largest economy set to leave the bloc on April 12. On the data front, Germany is set to publish trade balance figures and current account data for February during morning deals.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China data, trade hopes boost European sharesEuropean shares started the second quarter strongly on Monday, posting their big...
Read more »
EasyJet summer clouded by Brexit and economic weaknessBudget airline EasyJet warned on Monday that European travelers were holding off...
Read more »
No Ethiopia plane crash report on Monday, maybe this week: sourceEthiopia will not release a preliminary report into the causes of last month&03...
Read more »
Factbox: Brexit in numbers - How did the UK parliament vote on Monday?British lawmakers grabbed control of the Brexit process for a second day on Mond...
Read more »
Jason Witten on Monday Night Football criticism: 'It sucked going through it'While Witten says Twitter’s criticism didn’t influence his decision to return to the NFL, he did acknowledge that the Internet beating was tough to deal with at times.
Read more »