European markets to open lower as investors digest Trump comments

Big 5

European bourses are expected to open lower on Thursday morning as investors digest U.S. President Donald Trump’s comments that he would prefer the Federal Reserve to keep interest rates low and suggested the dollar is too strong.

The FTSE 100 is seen 15 points lower at 7,331; the DAX is expected to open down by 33 points at 12,126 and the CAC is set to open 12 points lower at 5,091.

In terms of economic data, Britain’s Chamber of Commerce released its quarterly economic survey Thursday. The report showed solid economic growth was likely in the first three months of the year though cited rising inflation in the U.K. as a key risk.

Thursday will also see the International Energy Agency (IEA) publish its monthly oil market report.

Russian President Vladimir Putin is due to host his annual televised call-in show in which he takes questions from people around the country for several hours.

Elsewhere, Turkish voters prepare to vote in a referendum on constitutional reforms on Sunday which could transfer unprecedented executive powers to President Recep Tayyip Erdogan.

Source: CNBC

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