Good morning. European traders get a guide to how the region’s economies are traveling with activity readings due today, UK’s exports still lag pre-Brexit numbers and Gucci is struggling to find its way. Here’s what people are talking about this morning.
Flash PMIs from France, Germany and the euro zone along with the UK’s will dominate and could add volatility to trading this morning, after the FTSE 100 Index closed at a record on Monday. Investors will also be looking ahead to earnings later this week. Europe’s bank stocks are trading near a six-year high but could face a reset if earnings from the biggest names such as Barclays, BNP or others disappoint. In the auto sector Renault reports this week, with investors focusing on outlook for electric-vehicle demand amid cut-throat competition from Tesla and Chinese manufacturers and on comments on a potential partnership with rival Volkswagen to jointly build cheaper EVs.
