LONDON – European stocks are expected to open lower on Thursday, reversing the positive momentum seen throughout the week.
UK FTSE indicator The index is expected to open 25 points lower at 8,516 in Germany Dax Declining 8 points to 21,251 France CAC 40 Down 8 points at 7828 and Italy FTSE MIB indicator It was down 59 points at 35,973, according to IG data.
The expected shift lower comes after Germany's DAX index hit an all-time high for the second time this week on Wednesday. Sportswear giant Adidas This helped boost the German index, as shares closed up 6% after the company said that sales grew by 19% in its shares. Fourth quarter results.
On Thursday, investors are likely to hear President Donald Trump's keynote address at the World Economic Forum in Davos, Switzerland, on Thursday. The new president is scheduled to deliver a speech before the World Economic Forum via video link at five o'clock in the evening, Davos time.
US President Donald Trump delivers his inaugural address after being sworn in as the 47th President of the United States in the Rotunda of the US Capitol on January 20, 2025, in Washington, DC.
Chip Somodevilla | AFP | Getty Images
Participants and observers around the world will listen to his speech carefully for more details on his widely publicized pledge to impose global tariffs on goods imported into the United States, and his position on key geopolitical and economic issues such as the crisis between Ukraine and Russia. The war, the future of Israeli-Palestinian relations, and economic competition with China.
Other notable figures scheduled to speak Thursday include Javier Miley, President of Argentina, who is scheduled to speak at 10:15 a.m. local time.
CNBC's most notable guests include the CEOs of Vestas, Schneider Electric, Siemens, Rio Tinto, Carlsberg and SAP. We will also speak to Mathias Cormann, Secretary-General of the OECD, senior European Commission official Stefan Sigourney, German Finance Minister Jörg Kukes, and Khalid Al-Falih, Saudi Investment Minister, among others.
Moderated by CNBC, the panels will include a discussion on the technology revolution, with the participation of Antonio Neri, CEO of HP, as well as the CEOs of Octopus Energy and iGenius.
