European markets to open higher; earnings and inflation data in focus
The FTSE 100 is seen four points higher at 7,368; the German DAX is expected to open up by 28 points at 12,173; and the French CAC is seen eight points higher at 5,126.
HSBC and Heineken are among the major companies scheduled to report their latest figures on Monday.
On the data front, Monday will see euro zone core inflation for July released at 10 a.m. London time. The annual rate is expected to hold steady at around 1.3 percent, according to a Reuters poll.
Meantime, investors remained wary of geopolitical uncertainty on Monday after North Korea conducted another missile test late on Friday. Pyongyang said it had proved its ability to strike the U.S. mainland, prompting Washington to respond by flying two bombers over the Korean peninsula on Sunday.
Elsewhere, EU member states– excluding the U.K.- will have until the end of the day to submit bids for hosting the European Medicines Agency (EMA) and the European Banking Authority (EBA). The EMA and EBA headquarters – currently both based in London – will have to move away from the U.K. in the wake of Brexit, which is due to take effect by the end of March 2019.
Sticking with the U.K., a four-day strike is set to begin at the Bank of England on Monday. Staff working in the parlors, maintenance and security departments at Britain’s central bank are poised to walkout in protest over one percent pay rise.
Source: CNBC
