European stocks were called to open broadly flat Friday as weak China factory data combined with renewed concerns about the euro zone’s economy dampen investor sentiment.
The FTSE 100 was seen higher by 15 points, Germany’s DAX seen up by 10 points and the CAC 40 up by just a single point.
As concerns ramp up over Spain’s abilityto stick to its austerity plans and budget deficit targets, regional elections in Andalusia are expected to give a boost to Prime Minister Mariano Rajoy as his party looks set to win Sunday, according to reports.
The tumultuous situation in Mali which saw a coup d’etat oust President Amadou Toumani Toure has led the World Bankand African Development Bank to suspend its aidto that country as it slips back into military rule.
Nominations for the World Bank presidency close on Friday after the position became available following the resignation of Robert Zoellick last month. The nominations for candidates have been followed with interest. The role traditionally goes to an American, but dissent has been growing from emerging economic powers for the process to be opened to a broader array of candidates.
Executive directors will draw up a short list of three candidates, followed by interviews and an announcement in April of the new president.
The Financial Times reported that Goldman Sachs is expecting to underscore its behemoth status as it seeks to redevelop one of the City of London’s largest unoccupied office spaces.
Quoting people familiar with the matter, the FT said the bank had consulted high-profile architects, including Foster + Partners, designers of the landmark “Gherkin” building in the city, as well as the sports and entertainment arena, Wembley Stadium.