When you consider how uncertain the current geopolitical backdrop is, it was surprising that markets in Europe managed to hold as well as they did las
t week with the DAX finishing the week modestly lower, while the
0, and US markets managed to hang onto some weekly gains, although well off their peaks. Friday’s sell-off came about primarily over concerns over further escalation in the Middle East which kept investors cautious, while better than expected US bank earnings numbers helped US markets to hang onto their weekly gains.
0is expected to open 26 points higher at 7,625. DAXis expected to open 6 points higher at 15,192. CAC40is expected to open 5 points higher at 7,008.
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