European stocks opened higher on Friday as regional markets resumed trading after a Christmas holiday break.
IG data shows that the FTSE 100 index is expected to open up 34 points to 8,136 points, Germany’s DAX index is expected to rise 40 points to 19,888 points, and France’s CAC 40 index is expected to rise 21 points to 7,293 points.
Investors are watching economic data from China, with official figures showing industrial profits in the world’s second-largest economy November contracts for fourth consecutive month.
The day after the World Bank released data China’s economic growth forecast raised 2024 and 2025, but warned that China’s economy would remain under pressure given sluggish business confidence and continued uncertainty over China’s troubled real estate sector.
The market is a mixed bag In Asian markets overnight, traders reacted to the latest data from China, as well as recent inflation data from Japan. exist Friday updateOfficial data showed that Tokyo’s core inflation rate was 3% in November, up from 2.6% in October.
Back in Europe, Spain and Norway will release November retail sales data on Friday.
