European Markets Open Higher

European markets experienced a positive opening on Friday, buoyed by a combination of robust corporate earnings and optimistic trade news. Reports suggest China is quietly easing some retaliatory tariffs on US-made chips, signaling a potential thaw in trade relations following discussions between Washington and Beijing.

Boost from UK Retail Data

Adding to the positive sentiment, the UK reported better-than-expected retail sales for March, with volumes up 2.6% year-on-year. This economic indicator further lifted market spirits across Europe.

Market Performances

By 9:00 am CET, key indexes showed gains: the DAX advanced 0.47%, with Siemens Energy AG leading at a 2.07% increase. The EURO STOXX 50 and French CAC 40 also saw rises, with Safran SA jumping 4.03%. Meanwhile, the British FTSE 100 advanced 0.31%, bolstered by F&C Investment Trust PLC's 2.09% rise.

Currency Movements

In currency markets, the euro and pound both experienced declines against the US dollar, trading at $1.13433 and $1.33071 respectively by 8:58 am CET.