Europe Braces for Earnings and BOE Decision as Asia Sees Mixed Results and Copper Spikes

Today, several major European companies including Ferrovial, Telefonica, EDP, Enel, Pirelli, and Salvatore Ferragamo are scheduled to release their earnings. The Bank of England is also slated to announce its latest interest rate decision, with a potential cut anticipated. Despite this, European markets are projected to open higher tomorrow, continuing their recent upward trend amidst a bustling week of corporate results. China’s stock exchange saw an uptick in imports exceeding projections, and exports met expectations yesterday, while the overall Asian-Pacific market remained mixed. Copper prices have spiked to $10,000 per ton this week, with Corestone Capital CEO Will McDonough stating that he hasn’t witnessed such high levels of interest and discussion regarding copper in recent times. The U.K.’s FTSE 100 index is expected to commence trading tomorrow at 8,365 points, accompanied by predicted gains for Germany’s DAX, France’s CAC, and Italy’s FTSE MIB, according to data sourced from IG.