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LIVE MARKETS-Morning call: U.S. spending plan, France lockdown

Published 01/04/2021, 04:47 pm
Updated 01/04/2021, 04:48 pm
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MORNING CALL: U.S. SPENDING PLAN, FRANCE lockdown (0540 GMT)

After the STOXX 600 index .STOXX ended the first quarter of 2021 with a 7.8% rise, European shares are seen on the black as the first session of the new quarter kicks off.

U.S. President Joe Biden on Wednesday outlined a plan to restart the economy, including spending on roads, railways, broadband, clean energy and semiconductor manufacture. capping the optimism, Macron ordered France into its third national lockdown as he sought to push back a third wave of COVID-19 infections. will also be on EZ manufacturing PMI numbers, which are expected to be holding up well.

"Manufacturing PMI has been one of the main bright spots amidst the gloom of the economic rebound in Europe, as businesses adapt to the restrictions around them, and show resilience in the face of a changed environment," writes Michael Hewson, Chief Market Analyst at CMC Markets UK.

Financial spreadbetters at IG expect London's FTSE to open 11 points higher at 6,725, Frankfurt's DAX to open 16 points higher at 15,024 and Paris' CAC to open 2 points lower at 6,065.

(Joice Alves)

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