Markets in Europe expected to be lower on hawkish central banks

European Markets

Markets in Europe are expected to open lower on Friday as major central banks suggested the days of cheap money may be numbered.

The FTSE 100 is poised to open lower by 14 points at 7,336; the German DAX is expected to open down 10 points at 12,392; while France’s CAC is on track to open lower by 8 points at 5,141.

Mark Carney, the governor of the Bank of England, had surprised a lot of investors on Wednesday as he said the central bank could be required to increase interest rates as its economy is close to running at full capacity. The British pound went higher on Friday at $1.3014, a 0.6 percent increase in the previous session.

Shares for Germany-based food company, Delivery Hero, are set to start trading on the Frankfurt Stock Exchange on Friday. The online food takeaway company could be set to increase as much as 995.6 million euros after the firm set its price range at 22 euros to 25.50 euros each share.

The six-month presidency of Malta at the Council of the European Union is set to end on Friday with Estonia expected to take over from July 1. The United Kingdom had been positioned to follow Malta, but, due British Prime Minister Theresa May told the union that the country would no longer do so in July 2016, only a short amount of time after the vote from Britain to leave the European Union.