LONDON — European stocks are expected to open lower Thursday, bucking a positive trend seen in Asia and the U.S. as tech stocks rallied in the previous session.
London’s FTSE is seen opening 71 points lower at 6,316, Germany’s DAX down 115 points at 13,113, France’s CAC 40 52 points lower at 5,400 and Italy’s FTSE MIB 145 points lower at 20,776, according to IG.
European stocks are expected to follow their U.S. counterparts lower Thursday. U.S. stock futures were lower on Wednesday evening following a strong session for tech stocks.
Futures contracts tied to the Dow Jones Industrial Average fell 181 points. Those for the S&P 500 and the Nasdaq 100 also traded in negative territory.
Stocks in Asia-Pacific were little changed in Thursday trade following the bounce for tech stocks on Wall Street as the recent rotation into cyclicals — that would benefit from an economic recovery — paused. Read from source….