LIVE MARKETS-Europe before the bell: futures mostly lower on heavy earnings day
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EUROPE BEFORE THE BELL: FUTURES MOSTLY LOWER ON HEAVY EARNINGS DAY
European equity futures are a touch lower on Thursday after a raft of corporate earnings, even as the Trump administration's willingness to de-escalate the trade war with China is continuing to help steady markets.
Euro STOXX 50 futures STXEc1 are down just over 0.2% on Thursday after the index rallied 2.8% the day before. The index is now about 4% below its pre-Liberation Day level.
Futures on the DAX FDXc1, CAC FCEc1 and FTSE FFIc1 are flat to down 0.3%.
It's a busy earnings day, with investors having to grapple with reports from BNP Paribas BNPP.PA, Adidas ADSGn.DE, Unilever ULVR.L, Renault RENA.PA, Kering PRTP.PA and Sanofi SASY.PA among others.
Two of those others are Roche ROG.S and Nestle NESN.S, the two largest components in Switzerland's SMI .SSMI. Futures on the index FSMIc1 are slightly outperforming, up 0.4%.
(Samuel Indyk)
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