European markets to open higher after modest gains on Wall Street

By Yomna Yasser On Aug 22, 2017

European markets were set to open higher on Tuesday morning, after modest gains on Wall Street while investors awaited the annual central banking conference in Jackson Hole later this week.

The FTSE 100 is seen 27 points higher at 7,340; the DAX is expected to open up by 41 points at 12,097 and the CAC 40 is set to open 13 points higher at 5,095.

In the U.S., the Dow Jones industrial average and the S&P 500 edged slightly higher on Monday but a decline in tech and financials appeared to keep a lid on gains.

Federal Reserve Chair Janet Yellen is poised to speak at Friday’s Jackson Hole conference, though further clues regarding the U.S. central bank’s monetary policy is viewed as unlikely.

Meanwhile, European Central Bank President Mario Draghi is not expected to deliver any new policy message in Wyoming, Reuters reported citing two unnamed sources.

Back in Europe, Vienna Insurance, Antofagasta and Persimmon are among the major companies expected to release their latest figures on Tuesday. Source: CNBC