LIVE MARKETS-Morning call: Europe to fall in step with Wall St, Asia decline
July 20 - Welcome to the home for real-time coverage of European equity markets brought to
you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to
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MORNING CALL: EUROPE TO FALL IN STEP WITH WALL ST, ASIA DECLINE (0535 GMT)
The week is set to end on a more pessimistic note for European stocks with benchmarks likely
to follow in the footsteps of falls on Wall Street and in Asian shares.
Trump's comments criticising the Fed's decision to hike rates and expressing concern about a
strong dollar shook the greenback from a one-year peak, while a slide in the Chinese yuan
unnerved investors in Asian stock markets and stoked concerns Beijing's currency management
could become the next flash point in a fierce trade dispute with the United States.
Spreadbetters CMC Markets expect the FTSE 100 to open 8 points lower at 7,676, the DAX is
expected to open 30 points lower at 12,656, and the CAC40 is seen opening 13 points lower at
5,404.
The STOXX is currently set for its third straight week of gains, though losses today might
erase that.
(Helen Reid)
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(Reporting by Helen Reid, Danilo Masoni, Julien Ponthus and Kit Rees)