In Europe, the main stock indices opened inconsistently on Friday.
The pan-European Stoxx Europe 600 opened yesterday’s closing level to those in the know. The DAX also did the same in Frankfurt, while the CAC 40 in Paris was up 0.2 percent about 40 minutes after the opening. In London, the FTSE 100 was down 0.3 percent.
Economic figures from China this morning showed that the country’s economy grew slightly more than expected in the third quarter.
In the aftermath of the statistics, European mining stocks led the rise of European stocks.
No key economic data is available from Europe today, but figures for housing starts and building permits for September will be published from the United States. Yesterday’s retail sales data from the USA showed that sales grew more than expected in September.
Known for trucks Volvo told about his results in the morning. The company’s adjusted operating profit in the third quarter was 14.1 billion kroner, while analysts had expected a result of 15.05 billion kroner. The company said the lower-than-expected result was due to lower-than-expected cargo and construction activity.
Futures predict an upswing in the United States. The futures of the general index S&P 500 were quoted up 0.1 percent, while the technology-focused Nasdaq had gained 0.3 percent.