- July 15, 2024
- By: Admin1_blog
- EU Market, Indices
Holly Ellyatt@HOLLYELLYATT
LONDON — European stocks are expected to start the week lower as global markets assess the impact an assassination attempt on former U.S. President Donald Trump at a rally over the weekend.
The U.K.’s FTSE index is seen opening 14 points lower at 8,239, Germany’s DAX down 55 points at 18,711, France’s CAC 40 down 27 points at 7,706 and Italy’s FTSE MIB down 92 points at 34,645, according to data from IG.
European stocks are set to follow the trend set in Asia-Pacific overnight, where markets mostly fell as China’s gross domestic product data missed expectations and as investors also assessed the impact of the assassination attempt on Trump. The former president was grazed by a bullet and treated at a local hospital. He was released late Saturday night.
President Joe Biden addressed the nation from the White House on Sunday and condemned all political violence and called for unity. Meanwhile, Trump has said his speech at the Republican National Convention will now focus on national unity, instead of targeting Joe Biden’s policies.
Saturday’s shooting raises Trump’s odds of winning back the White House, investors said on Sunday.
Read more
Trump shooting live updates: Biden says politics must never become ‘a killing field’
In other news, China’s statistics bureau announced overnight that its economy grew 4.7% in the second quarter, missing expectations of a 5.1% expansion forecast by a Reuters poll and lower than the 5.3% rise seen in the first quarter.
In Europe, German retail sales data is due and Associated British Foods will release its latest earnings Monday.
Source : cnbc
