European Stocks Rise on Trade Deal Hopes
European stock markets are poised to open higher on Thursday (July 24th) following reports that the US and the European Union are moving closer to a trade deal, with a base US tariff of 15% on EU goods and possible exemptions being considered. Investors are also focused on today's European Central Bank policy decision, where interest rates are expected to remain unchanged amid ongoing trade uncertainty.
Attention will also be on the Eurozone flash PMI data and the German GfK consumer confidence report for further economic signals. In the corporate sector, Deutsche Bank posted stronger-than-expected second-quarter earnings, as gains in its investment division offset weakness in corporate banking. Earnings results are also expected from BNP Paribas, TotalEnergies, and Vodafone, among others. In pre-market trading, Euro Stoxx 50 futures rose 1.3% and Stoxx 600 futures rose 0.9%. (ayu)
Source: Newsmaker.id