Moneycontrol
Jan 11, 2017 01:37 PM IST IST | Source: CNBC

European markets open higher ahead of Trump press conference

The pan-European Stoxx 600 was 0.09 percent higher with most sectors trading positive.




Markets in Europe opened slightly higher on Wednesday as investors wait for the first address of President-elect Donald Trump.

The pan-European Stoxx 600 was 0.09 percent higher with most sectors trading positive.


Investors will look for any concrete policy moves ahead from Trump who is expected to outline the future of his own businesses at the press conference on Wednesday.


Meanwhile, the German carmaker Volkswagen has reached a $4.3 billion draft settlement deal with U.S. authorities over the emission scandal.

France's Airbus is presenting its 2016 performance at a press conference later this morning.


The U.K.'s supermarket chain Sainsbury reported Wednesday a slight growth in sales in its third quarter, which included the Christmas period. Taylor Wimpey, the U.K.'s housebuilder, said on Wednesday that it expects a full-year profitability close to the upper end of market consensus, after home completions rose by 4 percent in 2016.


Also, estate agent Foxtons said Wednesday that it expects core earnings to be less than half of a lower-than-expected £25 million in 2016, after sales dropped due to the Brexit vote and tax increases.


Elsewhere, Governor of the Bank of England Mark Carney is speaking at the U.K.'s Treasury committee at 2.15 p.m. London time.


Also on Wednesday's calendar is the release of the U.K.'s industrial and manufacturing output.


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