European stocks are expected to open higher on Thursday, tracking gains overnight in the Asia-Pacific markets following a rise in the U.S. stock futures. London’s FTSE is seen opening 21 points higher at 6,907, Germany’s DAX up 50 points at 15,235, France’s CAC 40 up 22 points at 6,154 and Italy’s FTSE MIB up 152 points at 24,575, according to IG.
European markets are heading for a lower open on Thursday as a rise in a bond yields saw jitters return to global stocks once again. Britain’s FTSE 100 is seen around 67 points lower at 6,608, Germany’s DAX is set to fall by around 118 points to 13,662 and France’s CAC 40 is expected to open around 41 points lower at 5,789, according to IG data.
On Wednesday sensex were trading nearly 2 percent higher, extending gains for the third straight session mainly led by gains in banking, financial and metal sectors. Meanwhile, IT and FMCG indices also supported the markets while the auto index was in the red.
Bharat Petroleum Corp. Ltd (BPCL) will pay a dividend to its shareholders after the sale of its entire stake in Assam-based Numaligarh Refinery Ltd. is completed. “We will hold an extraordinary general [meet] on March 25, and the process [stake sale] will be completed by March 31,” N Vijayagopal, director-finance, at the state-owned oil marketer.
On Tuesday the Indian equity benchmarks rallied for second straight session led by gains in information technology and auto shares like Tata Motors, Mahindra & Mahindra, Infosys, Wipro, HCL Technologies and Tata Consultancy Services.
European regulators have warned retail investors against participating in financial markets “purely” based on information they gather from the social media. The GameStop phenomenon witnessed in the United States earlier this year brought to the fore the impact of coordinated retail investment.
On Friday Wall Street’s main indexes extended losses as fears of a potential rise in inflation kept U.S. bond yields around one-year high, while tech stocks clawed back some losses. Shares of Amazon.com Inc, Microsoft Corp and Alphabet Inc edged up between 0.4% and 1%, but were headed for their worst week in months.