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LONDON – European stocks are expected to open lower on Thursday, reversing the positive momentum seen throughout the week.
the united kingdom FTSE The index is expected to open 25 points lower at 8,516, the German index DAX falling 8 points to 21,251, the French CAC 40 drops 8 points to 7,828 and that of Italy MIB FTSE 59 points less, 35,973, according to IG data.
The expected downward turn comes after Germany’s DAX hit an all-time high for the second time this week on Wednesday. Sportswear giant adidas helped boost the German index, and shares ended up 6% after the company said sales grew 19% in its fourth quarter results.
Investors will likely tune in to President Donald Trump’s keynote speech at the World Economic Forum in Davos, Switzerland, on Thursday. The newly inaugurated president will address the World Economic Forum via video link at 5 pm Davos time.
United States President Donald Trump delivers his inaugural address after being sworn in as the 47th president of the United States in the Rotunda of the United States Capitol on January 20, 2025, in Washington, DC.
Chip Somodevilla | afp | fake images
Participants and observers around the world will listen closely to his speech to learn more details about his widely publicized promise to introduce universal tariffs on goods imported into the United States, and to learn his position on important geopolitical and economic issues such as the Ukraine-Ukraine relationship. Russia. the war, the future of Palestinian-Israeli relations and the economic rivalry with China.
Other high-profile figures speaking on Thursday include Javier Milei, the president of Argentina, who will speak at 10:15 a.m. local time.
Featured CNBC guests include the CEOs of Vestas, Schneider Electric, Siemens, Rio Tinto, Carlsberg and SAP. We will also speak with Mathias Cormann, Secretary General of the OECD, Stéphane Séjourné, Senior Official of the European Commission, Jörg Kukies, German Finance Minister, and Khalid Al Falih, Investment Minister of Saudi Arabia, among many others.
Panels moderated by CNBC will include a discussion on the technological revolution, featuring Antonio Neri, CEO of HP, as well as the CEOs of Octopus Energy and iGenius.
