European stock markets are poised to open higher on Thursday, showing signs of recovery after a lackluster session the day before.
At 3:04 ET (8:04 GMT), Germany’s DAX climbed 0.6%, France’s CAC 40 gained 0.3%, and the UK’s FTSE 100 edged up 0.2%.
Remy Cointreau grapples with falling demand
French spirits maker Remy Cointreau (EPA:) reported a 12.9% drop in first-half operating profit to €147.3 million.
The company is facing challenges due to sluggish demand in the U.S. and Asia-Pacific, along with higher tariffs on Chinese exports amid an EU-China trade standoff.
Consolidated sales fell by 15.9% on an organic basis during the period, reflecting the broader challenges facing premium brandy producers.
Remy Cointreau has revised its forecast, now predicting an organic sales decline of 15%-18% for the full year.
Political and economic stability in focus
Germany’s inflation figures and France’s budget challenges are expected to dominate headlines, with investors closely monitoring signals of economic and political stability in the eurozone.
Crude oil prices dip amid rising U.S. gasoline inventories
Crude oil prices fell on Thursday following an increase in U.S. gasoline stockpiles for the week ending November 22.
As of 3:04 ET, Brent crude dipped 0.5% to $71.91 per barrel, while U.S. West Texas Intermediate (WTI) crude also slipped 0.5% to $68.36 per barrel.