November 17, 2021

European markets: open to close

LONDON — European stocks are expected to open in flat to lower territory on Wednesday amid more mixed sentiment globally overnight.

The U.K.’s FTSE index is seen opening 1 point higher at 7,223, Germany’s DAX 19 points lower at 15,506, France’s CAC 40 down 18 points at 6,654 and Italy’s FTSE MIB 1 point higher at 26, 175, according to IG data.

The mixed open for European markets comes after a series of upbeat trading sessions in recent days as investors digested the latest earnings from the U.S.

On Tuesday, U.S. stock indexes gained as major companies continued to report strong third-quarter earnings, easing concerns that persistent Covid cases and rising costs would derail corporate America’s profit recovery. Of the S&P 500 components that have reported thus far, 82% have topped expectations, according to FactSet.

Still, while reports have been strong, investors are looking for more…

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