Major European markets head for flat to lower open amid global volatility

Aug 5, 2024
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Stock market numbers are displayed on a screen at the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City.

Michael M. Santiago | Getty Images

LONDON — European stocks are expected to start the new trading week in flat to negative territory as global volatility continues.

The U.K.’s FTSE index is seen opening 3 points higher at 8,165 while Germany’s DAX is expected to open 59 points lower at 17,591, France’s CAC 40 down 17 points at 7,219 and Italy’s FTSE MIB down 139 points at 32,009, according to data from IG.

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Earnings in Europe come from Uniper, Infineon, Monte dei Paschi and Palantir Technologies on Monday. Data releases include services purchasing managers’ index data from the U.K, Italy and Spain.

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