European Markets Indicated To Open Higher; Fed Decision Eyed


The European markets are poised for a firm open on Thursday, as investors eagerly wait for the monetary policy announcement from the Federal Reserve, at the end of its two-day policy meeting.

On the economic front, interest rate decision from the Swiss National Bank and retail sales from the U.K. are due, headlining a light day for the European economic news.

The DAX futures are up 41 points and the CAC 40 futures are gaining 19 points. The FTSE 100 futures advanced 6.5 points while the Swiss Market Index futures climbed 54 points.

The European markets closed in positive territory on Wednesday, extending its gains from the previous session. While the DAX and the Swiss Market index made moderate advances, the CAC 40 and the FTSE 100 index made notable gains.

On the corporate front, Altice N.V. and Cablevision Systems Corp. have entered into a definitive agreement for Altice to acquire Cablevision in a deal with an enterprise value of $17.7 billion.

Phoenix Group Holdings said it has been evaluating Guardian Financial Services as part of an on-going sale process for the business. Discussions remain on a non-exclusive basis, it added.

Kier Group, a property, residential, construction and services group, reported increased pre-tax profit for the year.

Premier Farnell, a distributor of technology products and solutions, said its first-half profit before taxation dropped from last year, but revenues saw modest growth.

In Asia/Pacific, markets were mostly higher, tracking the overnight gains on Wall Street and in European markets. The rebound in crude oil and gold prices also boosted sentiment.

The U.S. futures indicate a lower open on Wall Street. In the previous session, the major averages ended the day firmly in positive territory, just off their highs for the session. The Dow climbed 0.8 percent, the Nasdaq rose 0.6 percent and the S&P 500 advanced 0.9 percent.

Among commodities, crude for October delivery rose $0.13 to $47.28 per barrel, while December gold advanced $0.9 to $1119.9 a troy ounce.


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