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Europe stocks head for another negative start as U.S. data drags down sentiment

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European stock markets are heading for a fifth straight negative start to the week as the global outlook turns negative.

LONDON — European stocks are set to open lower Friday after clocking losses in four straight sessions this week.

The U.K.'s FTSE 100 is seen 19 points lower at 8,233, according to IG data, with France's CAC 40 down 18 points and Germany's DAX dropping 50 points., fueling market bets that the Federal Reserve will cut by 50 rather than 25 basis points at its Sept. 18 meeting. CME Group's FedWatch tool last put the probability of a 50 basis point cut at 41%.

 

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