Here are the opening calls
The City of London financial district at sunrise.
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Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Thursday.
Futures data from IG suggests a generally positive open for European indexes, with London’s FTSE 100 seen opening 0.15% higher, France’s CAC 40 and Germany’s DAX are seen opening around the flatline, and Italy’s FTSE MIB slightly higher.
The pullback in sentiment among European bourses comes ahead of the latest indicator of the state of health of major regional economies, with gross domestic product readings from the U.K. and European Union on Thursday.
European markets had ended the day higher on Wednesday, with the pan-European Stoxx 600 index rising 0.55% after the S&P 500 and Nasdaq Composite rallied to new records yesterday. Investors are gearing up for more inflation data to assess the state of the U.S. economy.
The producer price index, due Thursday, will be significant factors in the direction interest rates take at the Federal Reserve’s next meeting in September.
— Holly Ellyatt
What to keep an eye on Thursday
An aerial drone view shows the Reichstag (upper left corner) in Berlin, Germany, on February 22, 2025.
Nurphoto | Nurphoto | Getty Images
Earnings are set to come from Adyen, Swiss Re, Hapag-Lloyd, RWE, Talanx, CVC Capital Partners, Aviva, Antofagasta and Carlsberg on Thursday.
On the data front, U.K. second-quarter preliminary gross domestic product figures are released at 7 a.m. London time, followed by the latest French inflation figures shortly after and the EU employment and GDP data at 10 a.m. London time.
— Holly Ellyatt
