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KCO Kloeckner & Co SE News Story

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Live Markets: Europe before the bell: stocks set for fifth week of gains

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EUROPE BEFORE THE BELL: STOCKS SET FOR FIFTH WEEK OF GAINS

European stock index futures are trading slightly lower on Friday, but major markets still look set to end the week higher.

Euro STOXX 50 STXEc1 and STOXX 600 FXXPc1 futures are both down 0.2%, but the latter still looks to be heading for its fifth straight weekly rise. That would mark its longest weekly positive streak since the post-tariff rally in April and May last year.

Futures on blue-chip indexes in Frankfurt FDXc1, Paris FCEc1 and London FFIc1 are also down slightly on Friday.

In corporate news, shares in Kloeckner KCOGn.DE look set to jump at the open after the company agreed to be taken over by Worthington Steel WS.N for 11 euros per share, or an enterprise value of $2.4 billion.

(Samuel Indyk)

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