Tech Earnings and Deal Talks Drive the Markets
European stocks open higher Wednesday after yet another record setting session on Wall Street that was led by tech stock gains and a solid start to the second quarter earnings season.
Broader European stocks, however, particularly in Germany, will face pressure from a surging euro, which is changing hands at 14-month high of 115.37 ahead of Thursday's rate-setting meeting from the European Central Bank in Frankfurt that could set the stage for an eventual exit from its quantitative easing program.
Tech stocks, in particular, should continue to outperform after Tuesday's record close for the Nasdaq, which was helped by a 13.5% surge in Netflix shares after the video streaming service topped 100 million worldwide customers over a robust second quarter.
Watch More with TheStreet:
- Leaders Are Made Not Born: Former Hewlett-Packard CEO Carly Fiorina
- Quiz: Where Were Your Favorite Netflix Series Filmed?
- Jim Cramer Has Some Advice for Snap CEO Evan Spiegel
- Shark Tank Star Kevin O'Leary Just Revealed This One Way Entrepreneurs Are Getting Savvier
- Game of Numbers: Do You Have Any Idea How Big Game of Thrones Has Become?
