European Markets Open Higher Amid Trade Hopes

European markets experienced a positive start on Friday, buoyed by encouraging corporate earnings and reports suggesting China might be easing some retaliatory tariffs on US-made chips. This development follows recent trade discussions between Washington and Beijing, sparking optimism among investors.

UK Retail Data Exceeds Expectations

Adding to the positive sentiment, the UK reported better-than-expected retail sales data for March, with sales volumes increasing by 2.6% year-on-year. This indicator of consumer confidence has further lifted market spirits across Europe.

Market Performance Highlights

At 9:00 am CET, notable movements included the DAX advancing 0.47%, with Siemens Energy AG leading the charge with a 2.07% increase. The EURO STOXX 50 and French CAC 40 also saw gains, with Safran SA jumping 4.03%. The British FTSE 100 advanced 0.31%, supported by a 2.09% rise in F&C Investment Trust PLC.

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