European Stock Markets Open Higher, Positive Sentiment Continues
European stock markets opened higher on Friday (August 9th), continuing the positive trend throughout the week. The gains were driven by strong corporate earnings reports and renewed hopes for progress in resolving the conflict between Russia and Ukraine.
Market participants are also digesting the impact of US President Donald Trump's new tariff policy, which took effect last Thursday. These retaliatory tariffs cover a wide range of products with import duties ranging from 10% to 41%, adding to uncertainty in the global trade landscape.
Although today's regional economic data and financial report calendar is relatively quiet, investors are still monitoring French unemployment data and Munich RE's earnings report for additional catalysts. Overall, trading is expected to be quiet heading into the weekend.
In pre-opening trading, futures contracts for the Euro Stoxx 50 and Stoxx 600 indices each rose around 0.2%, indicating a fairly positive initial sentiment in European stock markets. (ayu)
Source: Newsmaker.id