European equities edge up ahead of earnings

European equities edge up ahead of earnings

On Friday, European equities are set to start higher because market participants watch out for fresh earnings and data.

The FTSE 100 gained 3 points hitting 7,764. Meanwhile, the DAX rallied 52 points trading at 13,250, while the CAC 40 opened 17 points higher demonstrating an outcome of 5,506.

In Asia, financial markets generally slumped after cashing in on optimism from American earnings. In the European Union financial institutions will be in focus with traders awaiting the latest US earnings reports from JP Morgan as well as Wells Fargoand Blackrock.

The common currency rallied 0.1% versus the evergreen buck hitting $1.2044. On Thursday, the euro tacked on, reacting to a hawkish report from the ECB, in which the financial institution told it could have its guidance revisited in early 2018.

Luxury group Kering is considering distributing 70% of its Puma equities to traders.

Traders are also waiting for inflation data from Spain, Italy and France.

 

 

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