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Currency, United States Finance

European markets seen lower ahead of earnings and key data

European stocks are expected to open lower Tuesday, dragged down by negative sentiment in China and the U.S.

The FTSE 100 is seen off by 7 points at 7,409; the German DAX is set to start lower by 8 points at 13,080 and the CAC 40 is seen down by 5 points at 5,336.

In Asia, most shares fell following disappointing industrial production, retail sales and fixed asset investment numbers. This is set to influence investors in Europe, where traders will also monitor earnings and key data releases.

Vodafone, Henkel, RWE and Bilfinger will report Tuesday morning and ITV will issue a new trading update. In other corporate news, Credit Suisse agreed to pay $135 million to a New York regulator for misconduct in its foreign exchange business.

In terms of data, there will be flash gross domestic product figures out in Germany at 7 a.m. London time and in the Netherlands at 8:30 a.m. London time. There will also be inflation numbers for the month of October out in the U.K. at 9:30 a.m. London time.

Also in the U.K., Brexit minister David Davis told lawmakers Monday they will be able to vote on any final deal with the European Union.

Source: cnbc
European markets seen lower ahead of earnings and key data

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