European markets anticipate an increase in value at the start of trading, as investors assess the global economic perspective.

European markets anticipate an increase in value at the start of trading, as investors assess the global economic perspective.
European markets anticipate an increase in value at the start of trading, as investors assess the global economic perspective.

On Friday, European markets were poised to rise, as investors assessed the economy's prospects and awaited new information.

The U.K.'s economy was last on track to add around 4 points to 8,287, Germany's was set to rise by 47 points to 19,269, France's was last set to add around 26 points to 7,759, and Italy's was due to gain 87 points to 34,482.

The pan-European Stoxx 600 index rose 1.25% on Thursday, driven by increases in the Asia-Pacific markets.

On Friday, the People's Bank of China announced stimulus measures, including cutting its 7-day reverse repo rate to 1.5% and slashing the reserve requirement ratio of financial institutions by 0.5 percentage points, which continued to boost the climb of those who had started earlier in the week.

In the U.S., the focus shifted to the upcoming release of August's personal consumption expenditures price index on Friday. This is the Federal Reserve's preferred inflation gauge. Economists anticipate that the headline PCE will have increased by 2.3% on an annual basis and 0.1% from the previous month.

U.S. stock futures were last little changed ahead of the key data release.

The latest German unemployment data and preliminary inflation data for September in France are both expected to be released in Europe.

by Sophie Kiderlin

Markets