European stock futures edge lower; corporate earnings start flooding in
Investing.com — European stock markets are expected to open slightly lower Tuesday, as investors cautiously await a raft of corporate earnings as well as more cues from the Federal Reserve and the European Central Bank.
At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.1% lower, CAC 40 futures in France dropped 0.1% and the FTSE 100 futures contract in the U.K. fell 0.1%.
It’s a big day for corporate earnings in the U.S., with numbers due from the likes of Microsoft (NASDAQ:MSFT), Google parent Alphabet (NASDAQ:GOOGL), General Electric (NYSE:GE), Visa (NYSE:V), General Motors (NYSE:GM), 3M Company (NYSE:MMM) and chipmaker Texas Instruments (NASDAQ:TXN).
Back in Europe, Unilever (NYSE:UL), LVMH (EPA:LVMH) and EssilorLuxottica (EPA:ESLX) report during this season, and investors will be looking for what these major companies say about their earnings outlook given markets are increasingly priced for a «soft-landing» slowdown in both growth and inflation.
Also, French defence electronics and cybersecurity company Thales (EPA:TCFP) has agreed to buy U.S. cybersecurity company Imperva from Thoma Bravo, a software investor company, in a deal worth $3.6 billion.
Still, investors will be wary of getting too involved with the Federal Reserve set to start its latest policy-setting meeting later in the session, ahead of Wednesday’s announcement.
The Fed is largely expected to raise rates another quarter of a percentage point, but investors will be listening to what Chair Jerome Powell says during his press conference for clues to the direction of future rate policy.
The European Central Bank also meets later this week, and similarly the focus will be on President Christine Lagarde’s comments given the central bank
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