Europe opens slightly higher, buoyed by strong trade overseas

European markets open slightly higher, supported by a strong trading session seen in both Asia and in the U.S.

The Stoxx Europe 600 opened 0.1% higher at 392.20 with the different sectors moving in opposite directions.

Germany’s DAX traded flat at 13,025.38, Italy’s FTSEMIB opened 0.4% higher at 24,139.29, U.K.’s FTSE 100 started the day 0.1% higher at 7,706.61 while France’s CAC 40 weakened 0.2% to 5,535.15 at the open.

For the last trading day of the week, market participants in Europe are likely to be keeping their tabs on political news and moves in the markets, as the region delivers very little in fresh financial updates. In corporate news, ArcelorMittal has published its latest earnings report.

Elsewhere, investors are likely to be digesting the latest Bank of England decision. On Thursday, the British central bank decided to hold fire on changing its rate strategy, however later on in the day, Governor Mark Carney told the BBC that interest rates were likely to pick up by the end of 2018.

Source: CNBC

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