European markets opened higher on Friday amid the release of key economic data from the region. Switzerland's Federal Statistical Office revealed that retail sales rose 0.6% in January. Additionally, investors awaited the publication of service activity data for the euro area, Germany, and the United Kingdom, as well as manufacturing and consumer sentiment data from the US.
Earlier, Daimler Truck posted its financial results for the fourth quarter of 2023.
At 9:01 am CET, the French benchmark CAC 40 added 0.34% and the pan-European Euro Stoxx 50 gained 0.42%. Compagnie de Saint-Gobain SA boosted both indexes by improving 2.94%. The FTSE 100 rose by 0.62%, as Schroders PLC increased by 2.21%. The German DAX rose 0.66%, with Daimler Truck being the best performer at the open, up 9.34%.
The euro was flat against the dollar at 8:59 am CET, selling for $1.08129. In comparison, the pound was up by 0.06% to go for $1.26303 simultaneously.
