European Markets Are Up After Bullish Stress Tests

MIKE BIRD

OCT. 27, 2014

The Boeing Company

European markets are up early Friday after mostly unsurprising stress test results from the European Central Bank.

Here’s the scorecard, so far:

France’s CAC 40 is up 0.26%

Spain’s IBEX is up 0.09%

Italy’s FTSE MIBis down 0.22% 

Britain’s FTSE 100is up 0.28%

Germany’s DAX is up 0.51%

Asian markets closed mixed. The Nikkei closed up 0.63%. The Hang Seng closed down 0.68%.

US futures are mixed. The Dow is up 14 points and the S&P is down .30 points.

At 5 a.m. ET, the Ifo institute’s measure of German business confidence is out. Analysts are expecting a slight drop from September’s figure.

Later, from the US, at 9:45 a.m ET Markit’s services PMI is out, with analysts expecting a reading of 58. That’s slightly down from last month but still way above the neutral 50 level. September’s figures for pending home sales will be out at 10 a.m. ET.