European markets are expected to open slightly higher on Friday, wrapping up a week marked by significant volatility as concerns about a potential trade war between the US and China continue to weigh on sentiment. Investors have faced a week of uncertainty, oscillating between buying and selling decisions due to US policy developments.
Key data releases today include consumer price indices for both Germany and Spain, along with UK gross domestic product, trade balance, and industrial production figures.
The DAX increased 0.88% and the British FTSE 100 advanced 1.07% at 8:00 am CET. Simultaneously, the CAC 40 gained 0.48%, while the Euro Stoxx 50 went 1.10% up. The euro traded 0.74% up compared to the US currency, selling for $1.12847 at 7:59 am CET. Simultaneously, the pound gained 0.26% against the greenback to go for $1.30088.
