European Markets Set For Lower Open As Investors Watch Earnings, Covid, Extreme Weather

  • Posted on July 27, 2021
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  • By FC Team
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LONDON — European markets look set to pull back slightly on Tuesday as investors continue to monitor corporate earnings, along with extreme weather and the spread of Covid-19 across the continent.Britain’ FTSE 100 is seen around 23 points lower at 7,002, Germany’s DAX is set to slide by around 42 points to 15,577 and France’s CAC 40 is expected to edge around 9 points lower to 6,570, according to IG data.Monday saw wildfires rage in regions across southern Europe as hot weather and powerful winds took hold. Meanwhile, the north of the continent continued a cleanup operation after days of torrential rain and flooding, following deadly floods in Germany and surrounding countries last week.Earnings continue to hold the spotlight for European investors, with Dassault Systemes, Moncler, Telecom Italia, Campari, Randstad, Reckitt Benckiser and FirstGroup among those reporting Tuesday.French luxury goods giant LVMH reported a surge in second-quarter sales after the bell on Monday, as coronavirus restrictions eased the pressure on retail outlets around the world.cnbc.com

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