LONDON — European stock markets are expected to open lower on Thursday, reversing the positive momentum seen throughout the week.
Great Britain FTSE the index is expected to open 25 points lower at 8,516 in Germany DAX down 8 points to 21,251 in France CWC 40 down 8 points to 7,828 and Italy FTSE MIB According to IG data, it is 59 points lower and amounts to 35,973.
The expected drop comes after Germany's DAX hit an all-time high on Wednesday for the second time this week. Sportswear giant Adidas helped boost the German index, whose shares ended up 6% after the company said sales rose 19%. fourth quarter results.
On Thursday, investors will likely be tuning in to President Donald Trump's keynote speech at the World Economic Forum in Davos, Switzerland, on Thursday. The newly sworn-in president is scheduled to address the WEF via video link at 5 p.m. Davos time.
U.S. President Donald Trump delivers his inaugural address after taking the oath of office as the 47th president of the United States in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C.
Somodevilla chip | Af | Getty Images
Attendees and observers around the world will listen closely to his speech to learn more details about his widely publicized promise to impose universal tariffs on goods imported into the United States and to learn about his position on major geopolitical and economic issues, such as the Ukraine-Russia war , the future of Israeli-Palestinian relations and economic competition with China.
Other important figures who will speak on Thursday include Javier Milei, president of Argentina, who will speak at 10:15 local time.
CNBC guests include the CEOs of Vestas, Schneider Electric, Siemens, Rio Tinto, Carlsberg and SAP. We will also be talking to, among others, Mathias Cormann, Secretary General of the OECD, senior European Commission official Stéphane Séjourné, German Finance Minister Jörg Kukies and Khalid Al Falih, Saudi Arabia's Minister of Investment.
Panels moderated by CNBC will include a debate on the technology revolution with Antonio Neri, CEO of HP, as well as CEOs of Octopus Energy and iGenius.