The City of London financial district at sunrise.
Alexander Spatari | Moment | Getty Images
European markets are set for a muted open as traders await several earnings reports and economic data at the end of the week.
London’s FTSE 100 is expected to open 0.3% higher, according to data from IG. Germany’s DAX and France’s CAC 40 are slated to open nearly flat.
On Friday, among the European companies reporting earnings are BASF, Swiss Re, Holcim, IAG, and Amadeus.
On the economic data front, Germany, France, and Spain are releasing inflation data, with unemployment figures from Germany and France and U.K. housing prices.
In the U.K., all eyes are on the parliamentary by-election in Gorton and Denton in Greater Manchester, where the Green Party won and overturned a large majority for the governing party, Labour.
Reform UK came second, while Labour fell to third, which would be a significant setback for Prime Minister Keir Starmer.
Europe markets closed mixed in Thursday’s session after investors parsed through earnings from the likes of Puma, Rolls-Royce, Engie, and LSEG.
U.S. stock futures pulled back overnight after Nvidia’s latest results failed to boost the broader market with software stocks falling, including Salesforce and Microsoft.
Asia-Pacific markets traded mixed on Friday.
