U.S. Stock Futures Point to Gains on Easing Geopolitical Concerns, Cisco Results

U.S. stock-index futures were modestly higher on Thursday, suggesting a rebound from the previous session’s sharp decline as the ongoing currency crisis in Turkey showed signs of stabilizing and optimism grew that progress was being made on trade policy.

Futures for the Dow Jones Industrial Average rose 92 points, or 0.4%, to 25,277, while futures for the S&P 500 were up 8 points to 2,829.50, a rise of 0.3%. Futures for the Nasdaq-100 added 34 points, or 0.5%, to 7,408.25. The Nasdaq could get a boost from technology stocks, following better-than-expected results from industry bellwether Cisco.

Source : Marketwatch

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Europe markets close lower on Turkey concerns; banks fall

European stocks closed lower on Friday as investors reacted to corporate earnings, fresh turmoil in Turkey and the ongoing trade war between the U.S. and China.

The pan-European Stoxx 600 ended 1.07 percent lower at 385.860. Several sectors including banks and basic resources finished the week nearly 2 percent lower.

Negative trade came as the euro dropped sharply against the dollar, following reports that the European Central Bank (ECB) is concerned over the impact of a weak Turkish lira on European lenders.

The Financial Times said that France’s BNP Paribas, Italy’s UniCredit and Spain’s BBVA could be particularly impacted by the ongoing depreciation of the lira. Most banking stocks ended the session in the red.

Source: CNBC

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European Stocks Lower on Turkey Concerns; Banks Fall; Novozymes Down 5%

European stocks opened lower Friday morning as investors reacted to corporate earnings, fresh turmoil for Turkey and continued fears of a trade war between the U.S. and China.

The pan-European Stoxx 600 was down 0.4 percent at 387.92 in early deals with banks and basic resources showing the steepest falls. This came as the euro dropped sharply against the dollar, following reports that the European Central Bank (ECB) is concerned over the impact of a weak Turkish lira on European banks.

Source : CNBC

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