{"id":67602,"date":"2025-12-12T05:52:32","date_gmt":"2025-12-12T05:52:32","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/12\/12\/european-shares-likely-to-open-on-steady-note-7\/"},"modified":"2025-12-12T05:52:32","modified_gmt":"2025-12-12T05:52:32","slug":"european-shares-likely-to-open-on-steady-note-7","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/12\/12\/european-shares-likely-to-open-on-steady-note-7\/","title":{"rendered":"European Shares Likely To Open On Steady Note"},"content":{"rendered":"
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European stocks may open on a firm note Friday after the Dow and the S&P 500 closed at record levels in the previous session. <\/p>\n

U.S. earnings will be in the spotlight, with Broadcom shares falling nearly 5 percent in extended trading after the chipmaker projected a fall in quarterly margins due to a higher mix of AI revenue.<\/p>\n

Lululemon shares soared 10 percent after the athletic apparel retailer boosted its full-year outlook and announced that its CEO will step down at the end of January.<\/p>\n

Costco Wholesale shares were moving lower despite the discount retailer surpassing Wall Street estimates for first-quarter revenue and profit.<\/p>\n

In economic news, U.K.’s October GDP data and speeches from Federal Reserve officials, including Anna Paulson, Beth Hammack and Austan Goolsbee may garner investor attention later in the day. <\/p>\n

Eurogroup finance ministers will discuss support for Ukraine and use of frozen Russian assets during a two-day visit in Brussels, which includes meetings of the Economic and Financial Affairs Council (ECOFIN) and the Eurogroup.<\/p>\n

The Bank of England meets next week, with the central bank widely expected to cut interest rates by a quarter point to 3.75 percent. <\/p>\n

Asian markets<\/span> were rising despite jitters about the outlook for the tech sector. <\/p>\n

The U.S. dollar was on track for a third straight weekly loss, hovering near two-month lows following the Fed’s less hawkish than expected outlook on rates.<\/p>\n

Gold ticked lower after reaching a seven-week high in the previous session. Oil prices climbed after the U.S. reportedly seized an oil tanker off the coast of Venezuela and issued new sanctions targeting Venezuela.<\/p>\n

U.S. stocks ended a choppy session mostly higher overnight, adding to Wednesday’s rally after a divided Fed lowered rates for the third time this year and signaled a more gradual path of easing in the months ahead.<\/p>\n

Economic reports proved to be a mixed bag, with weekly jobless claims increasing by the most in nearly 4-1\/2 years last week while the trade deficit unexpectedly narrowed in September to the smallest since mid-2020.<\/p>\n

The Dow jumped 1.3 percent and the S&P 500 inched up 0.2 percent to notch new records, while the tech-heavy Nasdaq Composite slipped 0.3 percent after Oracle’s weaker than expected revenue and underwhelming guidance revived AI overspending worries.<\/p>\n

European stocks closed higher on Thursday as investors reacted positively to the Federal reserve’s rate cut and commentary.<\/p>\n

The pan European Stoxx 600 surged 0.6 percent. The German DAX climbed 0.7 percent, France’s CAC 40 added 0.8 percent and the U.K.’s FTSE 100 rose half a percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n