European markets seen higher; Jackson Hole meeting; Premier Oil and PhosAgro report

By Yomna Yasser On Aug 24, 2017

Europeans stocks are expected to open higher on Thursday as investors await comments on monetary policy from the Jackson Hole meeting.

The FTSE 100 is seen up by 10 points at 7,392; the DAX is seen higher by 8 points at 12,182 and the CAC is set to open up by 3 points at 5,118.

Concerns over U.S. President Donald Trump’s comments threatening to shut down the government eased overnight. In the meantime, investors will be focused on addresses from central bankers at the Jackson Hole economic symposium.

European Central Bank President Mario Draghi, who is set to address the group on Friday, gave no indication on the future steps of the central bank in a speech in Germany on Wednesday.

In the corporate world, Premier Oil and PhosAgro are due to report. Later in the day, Tiffany and Abercrombie & Fitch will release their latest earnings numbers. The German airline Lufthansa has confirmed that it wants to take over some parts of the insolvent Air Berlin.

In terms of data, there will be GDP figures coming out from Norway at 7 a.m. and Russia at 1 p.m. London time. French business confidence numbers will be released at 7.45 a.m. London time. Source: CNBC