When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
European equities edge up ahead of earnings
On Friday, European equities are set to start higher because market participants watch out for fresh earnings and data.
The FTSE 100 gained 3 points hitting 7,764. Meanwhile, the DAX rallied 52 points trading at 13,250, while the CAC 40 opened 17 points higher demonstrating an outcome of 5,506.
In Asia, financial markets generally slumped after cashing in on optimism from American earnings. In the European Union financial institutions will be in focus with traders awaiting the latest US earnings reports from JP Morgan as well as Wells Fargoand Blackrock.
The common currency rallied 0.1% versus the evergreen buck hitting $1.2044. On Thursday, the euro tacked on, reacting to a hawkish report from the ECB, in which the financial institution told it could have its guidance revisited in early 2018.
Luxury group Kering is considering distributing 70% of its Puma equities to traders.
Traders are also waiting for inflation data from Spain, Italy and France.
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The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.