LONDON – European stocks were expected to open lower on Thursday, reversing a week of positive momentum.
British FTSE German stocks are expected to open 25 points lower at 8,516 German DAX Index France fell 8 points to 21,251 CAC 40 Down 8 points to 7,828 points, Italy FTSE MIB It fell 59 points to 35,973, according to IG data.
A fall was expected on Wednesday after Germany’s DAX index hit a record high for the second time this week. sportswear giant Adidas The company said its sales rose 19%, helping boost German indexes, with shares closing 6% higher. Fourth quarter results.
On Thursday, investors are likely to focus on President Donald Trump’s keynote speech at the World Economic Forum in Davos, Switzerland. The newly inaugurated president will deliver a speech at the World Economic Forum via video link at 5 pm Davos time.
U.S. President Trump delivers his inaugural address after being sworn in as the 47th President of the United States in the Rotunda of the U.S. Capitol Building in Washington, D.C., on January 20, 2025.
Chip Somodevilla | AFP | Getty Images
Attendees and observers around the world will listen carefully to his speech for more details on his well-publicized commitment to impose universal tariffs on U.S. imports, as well as his stance on major geopolitical and economic issues such as Ukraine-Russia. , the future of Israeli-Palestinian relations, and economic competition with China.
Other high-profile figures set to speak on Thursday include Argentine President Javier Milei, who is scheduled to speak at 10:15 a.m. local time.
CNBC’s featured guests include the CEOs of Vestas, Schneider Electric, Siemens, Rio Tinto, Carlsberg and SAP. We will also meet with OECD Secretary-General Matthias Koeman, senior European Commission official Stefan Sejoune, German Finance Minister Jörg Kukis and Saudi Arabian Investment Minister Khalid al-Fali He and others chatted.
A panel discussion moderated by CNBC will include a debate on the technological revolution, including HP CEO Antonio Neri and the CEOs of Octopus Energy and iGenius.
