LIVE MARKETS-Europe before the bell: futures higher, stocks still set for weekly loss

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EUROPE BEFORE THE BELL: FUTURES HIGHER, STOCKS STILL SET FOR WEEKLY LOSS

European equity futures are signalling a slightly higher open on Friday but major bourses are still set for a weekly loss on concerns global growth will slow in the face of a heightened trade war .

Euro STOXX 50 futures STXEc1 are up 0.3% on Friday but the index is down about 2.5% this week, and could be heading towards its sharpest weekly fall since September.

Futures on the DAX FDXc1 and FTSE FFIc1 are up 0.3%, while CAC 40 FCEc1 futures are up 0.1%.

U.S. stock futures EScv1 are also higher after a sharp fall on Wall Street .SPX the day before that saw the S&P 500 close 10% below its peak from February.

Relief over the likely aversion of a U.S. government shutdown helped boost sentiment overnight after Senate Democrat Chuck Schumer said he would vote to advance a Republican stopgap funding bill.

In corporate news, BMW BMWG.DE shares will be in focus after the automaker reported a 37% decline in net profit in 2024.

Attention could also be on Kering PRTP.PA after its struggling Gucci brand appointed designer Demna as its new artistic director.

(Samuel Indyk)

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