European stock markets are expected to open higher despite ongoing geopolitical tensions between Russia and Ukraine.
The FTSE 100 index in the UK is projected to rise by 33 points, while Germany's DAX is expected to gain 28 points. France's CAC is set to increase by 5 points, and Italy's FTSE MIB is anticipated to climb 52 points.
This positive outlook follows a rebound in the pan-European Stoxx 600 index, which ended a four-session losing streak with a 0.5% increase on Thursday. Gold prices have continued to rise due to fears surrounding the conflict, leading to a flight to safety among investors. Asian markets have also shown positive movement, reflecting gains on Wall Street.
In Germany, the economy has shown modest growth in the third quarter, although it falls short of the preliminary reading. Chinese markets are reportedly improving following government stimulus measures aimed at bolstering the economy. These developments have significant implications for global markets, as investors seek opportunities in emerging economies.
Investor sentiment remains cautious yet optimistic, with the interplay between geopolitical developments and economic indicators shaping market dynamics. Diversification and risk management strategies are advised in the current environment of uncertainty.