Europe Stocks Gain on Earnings; U.S. Futures Drop: Markets Wrap

(Bloomberg) — European stocks opened higher on positive earnings news as traders awaited key manufacturing data for the euro zone. The dollar steadied.Carmaker shares rose in Europe after Germany’s Daimler AG boosted its full-year profit forecast, while bank stocks were buoyed by Barclays Plc’s earnings beat. Swiss elevator maker Schindler Holding AG jumped after boosting its forecast. That left the Stoxx Europe 600 Index headed for its first gain of the week.The euro fell before October’s flash purchasing-managers’ gauges, which are forecast to show weakness in the service and manufacturing sectors. U.S. futures slipped as investors watched prospects fade further …read more

Source:: Yahoo Finance


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