European stocks are set to open higher on Friday, with regional markets resuming trading after being closed for the Christmas holiday.
The FTSE 100 is expected to open 34 points higher at 8,136, according to data from IG, while Germany’s DAX is set to gain 40 points at 19,888, and France’s CAC 40 is set to add 21 points to open at 7,293.
Investors are watching economic data coming out of China, as official figures showed industrial profits in the world’s second-largest economy Contracting for the fourth consecutive month in November.
The data was printed one day after the World Bank It raised its growth forecasts for China In 2024 and 2025, he warned that the country’s economy would remain under pressure, given weak business confidence and continued uncertainty in China’s troubled real estate sector.
Markets were in mixed territory Overnight in Asia, as traders reacted to the latest Chinese data, as well as the latest inflation numbers from Japan. in Updated on FridayCore inflation in Tokyo reached 3% in November, up from 2.6% in October, official figures showed.
Back in Europe, Spain and Norway are scheduled to publish November retail sales figures on Friday.
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