Source: Youkyung Lee, The Associated Press, July 13, 2018
LONDON — Global shares rose Friday as investors focused on a run of earnings statements from U.S. banks. The British pound, however, was in retreat after U.S. President Donald Trump appeared to dash hopes of any imminent U.S.-U.K. trade deal.
KEEPING SCORE: In Europe, Britain’s FTSE 100 was up 0.4 per cent at 7,683 while Germany’s DAX rose 0.3 per cent to 12,537. France’s advanced 0.4 per cent to 5,427. Wall Street was poised to flat with Dow futures and the broader S&P 500 futures down 0.1 per cent.
U.S. BANKS: The absence of any fresh trade war comments has allowed traders to focus on the start of the U.S. corporate results season. On Friday, JP Morgan Chase, Citigroup and Wells Fargo all report results.
