European stock futures go down; French Q1 GDP up

30.04.2021 - Korneychuk Evgeniya
European stock futures go down; French Q1 GDP up

European stock markets slightly edged down on Friday as investors digest discouraging Chinese growth data and ahead of key economic data figures and first-quarter earnings season.

Germany’s DAX futures contract was 0.1% lower on early Friday trade. The U.K.’s FTSE 100 futures inched down 0.2%. The CAC 40 futures in France were unchanged.

The European markets were downbeat following China’s official manufacturing Purchasing Manager’s Index falling to 51.1 in April from 51.9 in March. However, further losses are capped since the S&P 500 index closed at a record high on Wall Street Thursday. Wall Street rallied after strong earnings from some tech giants as well as U.S. first-quarter GDP rising 6.4% brightened up the markets.

Helping the cause was France after it posted better-than-expected growth in the first quarter. France’s GDP climbed 0.4% from the fourth quarter, as consumer spending and business investment stood still despite coronavirus curbs.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?