LONDON -- Markets are expected to open lower this morning, with futures trading suggesting that the Dow Jones Industrial Average
This morning's trading may be affected by the latest retail sales figures and Empire State Index, both of which are due at 8:30 a.m. EDT and are expected to have risen slightly. Friday's focus on the financial sector will continue, with Citigroup due to report quarterly earnings before markets open. Analysts are penciling in earnings of $0.89 per share. Media firm Gannett and trucking giant J.B. Hunt are also expected to release figures today.
Earnings will dominate much of the financial news over the next fortnight, with most S&P 500
In Europe, markets opened cautiously, slipping slightly but not making any substantial movement from Friday's closing levels. Markets are waiting for the publication of the latest IMF World Economic Outlook, which is expected to contain downgraded growth forecasts for a number of European countries. Meanwhile, the Netherlands joined the negative yield club, selling a new batch of 3.5-month bonds at a yield of -0.041% and highlighting the country's status as one of the stronger members of the Eurozone.
In London, the FTSE 100
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