European Markets May Open Higher; U.S. GDP Report Eyed
Thursday August 28, 2008 01:19:00 EDT

(RTTNews) - The European markets are likely to show some strength in early trading on Thursday, as Wall Street finished higher overnight and the Asian markets are trading mixed on Thursday. The FTSE 100 and the CAC 40 index futures are showing strength, while the DAX futures are showing weakness. Some degree of profit taking may not be ruled out following the gains in the past two sessions. That said, sentiment over the course of trading may largely hinge on the preliminary second quarter GDP report from the U.S. to be released by the mid-session in Europe.

Crude oil settled higher for a third day Wednesday on fears about Tropical storm Gustav causing disruptions to oil installations in the Gulf of Mexico region. Miners including oil producers may gain on higher commodity (continued...)