This Is What You Need To Know On Friday
This is what you need to know before the markets open:
1. European stocks are set to rise for the third consecutive session Friday amid a global market rally that has taken world stocks to their highest levels on record amid signs that the U.S. Federal Reserve will only alter its policy stance gradually.
2. Fed Chariwoman Janet Yellen reiterated yesterday, in her second series of statements to lawmakers in Washington, that she and her colleagues will remain cautious when taking decisions to raise interest rates or unwind the central bank's $4.5 trillion balance sheet in order not to disrupt financial markets or snuff out the economy's growth prospects.
3. Britain's FTSE 100 will add around 10 points, or 0.13%, at the opening bell, according to financial bookmakers IG, with slightly firmer gains anticipated for markets in Germany and France.
4. The U.S. corporate earnings season is about to begin -- JPMorgan, Citigroup and Wells Fargo will publish second quarter figures later today -- investors around the world have taken the Fed's signalling, as well as the underlying strength of the global economy, as a reason to add risky positions in financial markets.
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