European stock markets are seen opening higher Friday, helped by the rebound on Wall Street as Federal Reserve officials managed to ease investor jitters over growing inflationary pressures.
At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.6% and the FTSE 100 futures contract in the U.K. rose 0.4%.
Europe, evidence of inflationary pressures on this side of the pond will come from Spanish April CPI data, although the expected annual gain of 2.2% is nowhere near the levels seen in the U.S.
In corporate news, Toshiba (OTC:TOSYY) could be in the spotlight after Reuters reported that the Japanese firm’s European business has been hit by a cyberattack, just days after Colonial Pipeline suffered a similar fate in America.
The pan-European Stoxx 50 up by 0.46% at 3,970.7. In the cash markets, the DAX futures Germany was trading up 0.63% at 15,294.60. CAC 40 futures in France up by 0.42% at 6314.9 while the FTSE 100 futures in the U.K. up 0.39% at 7,003.8, at the time of writing.