European markets set for lackluster open as traders focus on U.S. Election Day
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
0mins
Source: CNBC
Market Overview: European stocks are set for a mixed opening as global markets prepare for the U.S. presidential election, with key indices like the FTSE 100 and DAX expected to decline slightly, while Italy's FTSE MIB shows an increase. Earnings reports from major companies are also anticipated.
Investor Sentiment: Concerns about potential trade tariffs and protectionist policies under a possible Trump presidency may impact European equities, prompting Barclays strategists to suggest various investment strategies. Additionally, Goldman Sachs has updated its top stock picks in Asia, focusing on automotive stocks amid rising SUV sales and electric vehicle adoption.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
