Live Markets: European shares seen lower on recession fears, big earnings week ahead

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25/07/2022 07:45

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    EUROPEAN SHARES SEEN LOWER ON RECESSION FEARS, BIG EARNINGS
WEEK AHEAD (0630 GMT)
    European stocks are seen opening in negative territory
tracking Asian shares lower as worries about a global economic
downturn sapped investors' risk appetite. 
    As a big week for corporate results kicks in, the
pan-European STOXX 600  .STOXX  is seeing pausing after having
its best weekly gains since May. 
    Swiss bank Julius Baer  BAER.S  says it was hit by market
downturn during first half of year. Philips  PHG.AS  misses Q2
forecasts, cites supply chain issues and China lockdowns.
 TOP/EQE 
    Traders are also bracing for a for a 75-basis-point (bp)
U.S. interest rate hike this week as data points to a weakening
global economy. TOP/GLOMKT 
    European STOXX50, Dax and FTSE futures are trading down
around 0.5%. 
    
    (Joice Alves)
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