European markets set to close lower

marketsforu

European stocks fell on Friday, nearing the end of a week that has seen the wildest swings in years. The Stoxx Europe 600 Index fell (-0.60%) percent and the CAC has slid (-0.39%) and DAX lower at (-0.96%). However, we did see a shoot of green in the form of the FTSE100 which is set to finish the day marginally higher at (+0.05%) off the back of better than expected GDP figures today. So looking forward to Monday it’s a bank holiday in the UK, however market sentiment will be driven off the back of Jackson Hole meeting over the week. Finally to reiterate, this month has been the most volatile month since 2009 and we can expect further uncertainty next week.