Forex Marketz Daily Forex News – Fully Markets Update
European markets are looking to open higher Monday morning. European investors are looking at key inflation data and corporate earnings reports.
Right now, the futures on the FTSE 100 are up four points at 7,368. Futures in Germany are up by 28 points at 12,173; and in France, futures higher by eight points at 5,126.
On the corporate earnings calendar, HSBC and Heineken are scheduled to report their latest figures today.
As far as the economic calendar is concerned, the Eurozone is reporting its core inflation for July. It will be released at 10:00 am London time. The annual inflation rate is expected to hold steady at 1.3 percent.
European Investors Look at Geopolitical Tensions
Investors, Europe, remained focused on geopolitical uncertainty after North Korea conducted another missile test late Friday. North Korean officials said it had proved that they have the ability to strike the US. Mainland. This prompted Washington DC to respond with two B1-B bombers over the Korean peninsula on Sunday.
Also in the news, for Monday, European Union member states, including the United Kingdom, will have until the end of the day to submit bids for hosting the European Medicines Agency (EMA) and the European Banking Authority (EBA). The EMA and EBA headquarters are, for now, based in London. Thanks to Brexit, they will have to move. This is due to take effect by the end of March 2019.
In the United Kingdom, a four day strike is will begin at the Bank of England today. Central bank staff working in the maintenance and security departments are poised to walkout in protest over a one percent pay rise.
