{"id":9153,"date":"2021-04-22T05:40:27","date_gmt":"2021-04-22T05:40:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/04\/22\/european-stocks-seen-opening-slightly-higher\/"},"modified":"2021-04-22T05:40:27","modified_gmt":"2021-04-22T05:40:27","slug":"european-stocks-seen-opening-slightly-higher","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/04\/22\/european-stocks-seen-opening-slightly-higher\/","title":{"rendered":"European Stocks Seen Opening Slightly Higher"},"content":{"rendered":"
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European stocks may open higher on Thursday, tracking overnight positive lead from Wall Street and on earnings optimism. <\/p>\n

However, with the continued surge in coronavirus<\/span> cases in the Asian region denting hopes about a quick economic recovery, stocks may find it tough to get support at higher levels.<\/p>\n

The focus will be on European Central Bank’s monetary policy announcement, due later in the day, and a slew of corporate earnings announcements.<\/p>\n

Italy will release the data on industrial orders for the month of February today.<\/p>\n

Reports on Netherland’s consumer confidence and unemployment rate are due out at 12:30 AM ET.<\/p>\n

At 2 AM ET, data on Switzerland’s trade balance is due, while at 3 AM ET., a reading on Turkey’s consumer confidence is due.<\/p>\n

Poland’s retail sales data for the month of March will be out at 4 AM ET. Ireland’s producer prices report is due for release at 6 AM ET.<\/p>\n

In earnings news, Credit Suisse has reported a net loss of 252 million Swiss francs ($295 million) in the first quarter. The bank said the loss reflected a “significant charge with respect to the US-based hedge fund Archegos Capital matter in the first quarter, offsetting positive performance across wealth management and investment banking.”<\/p>\n

The major European markets<\/span> closed on a firm note on Wednesday. The pan European Stoxx 600 climbed 0.65%. The U.K.’s FTSE 100 ended 0.52% up, Germany’s DAX gained 0.44% and France’s CAC 40 moved up 0.74%, while Switzerland’s SMI advanced 1.17%.<\/p>\n

U.S. stocks closed higher on Wednesday, rebounding after recent losses dragged the Dow and the S&P well off last Friday’s record highs. The Dow jumped 316.01 points or 0.9% to 34,137.31, the Nasdaq surged up 163.95 points or 1.2% to 13,950.22 and the S&P 500 advanced 38.48 points or 0.9% at 4,173.42. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n