European markets head for lower open, reversing positive sentiment seen all week.

The U.K.’s FTSE index is expected to open 25 points lower at 8,516, Germany’s DAX down 8 points at 21,251, France’s CAC 40 down 8 points at 7,828 and Italy’s FTSE MIB 59 points lower at 35,973, according to data from IG.

The expected turn lower comes after Germany’s DAX hit an all-time high for the second time this week on Wednesday. Sportswear giant Adidas helped boost the German index, with shares ending 6% higher after the company said sales grew by 19% in its fourth-quarter results.

On Thursday, investors will likely be tuning in to President Donald Trump’s keynote address at the World Economic Forum in Davos, Switzerland, on Thursday. The newly inaugurated president is due to address the WEF via video link at 5 p.m. Davos time.

Source: CNBC