European Stock Futures Higher

European Stock Futures Higher

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.

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