Markets in Europe open higher as investors focus on Carney speech

Stocks in Europe advances

Markets in Europe opened higher on Tuesday, as investors focused on the individual stock news and data, while keeping a keen eye on political news coming out of the region.

The pan-European STOXX 600 rose 0.2 percent shortly after the open with most of the sectors and major bourses in the positive.

Briefly after the market open, investors will turn their heads to a speech by Mark Carney, the Governor of the Bank of England, who will be giving out a speech at the Mansion House in London.

Those who watch the markets will be keeping a close eye to see if Carney makes any comments on the state of the economy of the U.K. and where it could be heading in a post-Brexit world.

The Confederation of British Industry issued its latest economic forecast stating it expected the U.K. to see a “steady but subdued economic growth” over the next few years.

For this year, the group expects a growth of 1.6 percent and 1.4 percent for the next year, compared to the previous expectations of 1.3 and 1.1 percent in 2017 and 2018 respectively.

In individual stock news, Sky will be monitored closely as a deadly by Ofcom and the Competition and markets Authorities to submit a public interest report into the proposed Fox/Sky merger arrives.

Heineken will also be monitored, as its deadline to provide proposals to address competition concerns surrounding its planned takeover of Punch Taverns is due.


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