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EMEA Morning Briefing: Stocks Set to Fall After Wall Street Closes Higher


Provided by
Dow Jones
MARKET WRAPS
Watch For:
EU Unemployment; EU Flash Estimate euro area inflation; EU Preliminary Flash Estimate GDP; EU bank stress test results published; updates from IAG, Renault, Hermes, EssilorLuxottica, Air France-KLM, BNP Paribas, Eni, Swiss Re, Unicredit, Pearson, NatWest.
Opening Call:
European stocks could open lower. Dollar weakens. Long-term Treasury yields rose. Oil down and gold is flat.
Equities:
European stocks are set to open lower Friday after major U.S. stock indexes rose Thursday, despite new data suggesting the economic recovery has started to slow.
The market gains followed data showing gross domestic product grew by 6.5% on an annualized basis in the second quarter, up slightly from earlier in the year. Meanwhile, jobless claims, a proxy for layoffs, came in at 400,000, resuming their downward trajectory. ....

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