European stocks expected to open lower, except FTSE 100 due to rising oil prices

From Nasdaq.: 2025-01-16 00:33:12

European stocks are expected to open slightly lower after a strong rally on Wednesday. The FTSE 100 may open higher due to rising oil prices and a draw in U.S. crude stockpiles. U.S. reports on jobless claims and retail sales, along with earnings from Bank of America, Morgan Stanley, and UnitedHealth, will impact trading. Asian stocks rose following Wall Street amid optimism about potential rate cuts and easing measures from China. Gold remains steady, while oil prices continue to climb. U.S. stocks surged on upbeat earnings and soft inflation data, with the Nasdaq, Dow, and S&P 500 posting significant gains. European stocks also rose sharply on Wednesday after positive inflation data from the U.K. and the U.S. The STOXX 600, DAX, CAC 40, and FTSE 100 all saw gains.



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