European stocks set to open higher, reflecting wider optimism in global markets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 07 2024
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Source: CNBC
- European Markets: European markets are set for a positive start with a focus on earnings reports from companies like BP, S4 Capital, Siemens Healthineers, and others.
- US Stock Futures: US stock futures were near flatline after the Dow Jones Industrial Average's positive streak, while Asia-Pacific markets climbed buoyed by Wall Street gains.
- Goldman Sachs Stock Picks: Goldman Sachs updated its top global stock picks list, known as "Conviction List - Directors' Cut," to provide investors with 15 to 25 buy-rated stocks.
- AI Boom and Chipmakers: Big Tech names like Nvidia are thriving due to the AI boom, leading to a spotlight on memory chips dominated by Samsung and SK Hynix.
- Market Openings: European markets are expected to open higher, with the UK's FTSE 100, Germany's DAX, France's CAC, and Italy's FTSE MIB all showing positive trends. Earnings are anticipated from various companies.
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.
