European markets open with optimism
Shital Jibhe / 22 Aug 2017
With investors awaiting the outcome of the annual central banking conference in Jackson Hole later this week, the European markets opened at a higher level during the early hours of trading on Tuesday.
With investors awaiting the outcome of the annual central banking conference in Jackson Hole later this week, the European markets opened at a higher level during the early hours of trading on Tuesday.
The FTSE 100 index was trading at 7,363, up by 45.76 points; CAC 40 index was trading at 5,116, higher by 28.83 points; and the German DAX was at the 12,147 level, up by 81.63 points. The pan-European Stoxx 600 was up by 0.4%.
Federal Reserve Chair Janet Yellen is scheduled to speak at Friday’s Jackson Hole conference. Meanwhile, it is perceived as unlikely that there will be any further clues regarding the US central bank’s monetary policy.
European Central Bank President Mario Draghi is not expected to deliver any new policy message in Wyoming, according to a leading international news agency. Vienna Insurance, Antofagasta and Persimmon are among the major companies who are likely to present their latest figures on Tuesday.
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