European stocks rise on positive sentiment Friday

European stocks rise on positive sentiment Friday

Mubasher: European indices inched up on Friday, but gains were limited by the surging euro.

By 09:12 am GMT, the Stoxx 600 index remained stable at 397.25, while the UK’s FTSE 100 rose 0.07% to 7,768.58.

Meanwhile, France’s CAC 40 edged up 0.02% to 5,489.52, and Germany’s DAX grew 0.11% to 13,217.44 amid positive signs of progress seen in coalition talks.

These increases came after US futures continued rising and traders were upbeat on improving political situation and higher oil prices.

Equities’ gains were partially driven by the beginning of banks’ earning season with three of the world’s biggest banks setting to unveil their earnings releases later in the day.

By 09:25 am GMT, the euro jumped 0.81% against the US dollar to $1.2129.