European Markets Show Resilience

European markets are poised for a modestly higher opening this Friday, capping off a week filled with significant volatility. The shadow of a potential US-China trade war continues to loom large, swaying investor sentiment between optimism and caution amidst ongoing US policy developments.

Key Economic Indicators in Focus

Today's spotlight shines on crucial economic data, including consumer price indices from Germany and Spain, alongside the UK's gross domestic product, trade balance, and industrial production figures. These releases are eagerly anticipated for insights into the region's economic health.

Market Movements and Currency Updates

At 8:00 am CET, the DAX and FTSE 100 registered gains of 0.88% and 1.07% respectively. The CAC 40 and Euro Stoxx 50 also saw positive movements, advancing by 0.48% and 1.10%. In currency markets, the euro and pound both appreciated against the US dollar, trading at $1.12847 and $1.30088 respectively by 7:59 am CET.