European markets expected to rise, following the recovery of U.S. and Asia-Pacific stocks.
At the Friday open, European markets were set to increase, aiming to recover from recent volatility and mirror the gains of Wall Street and the Asia-Pacific stock markets.
The U.K.'s FTSE 100 was last set to open 15 points higher at 8,159, according to IG, while France's CAC 40 was set to add 12 points to reach 7,264 and Germany's DAX was on track to add 26 points to 17,696. Italy's MIB was last set to gain 66 points and climb to 31,993.
The Stoxx 600 closed just above the flatline on Thursday after trading in negative territory throughout the session, as global markets have been volatile and trying to shake off Monday's rout.
On Thursday, the S&P 500 recorded its best day since November 2022, gaining ground in U.S. markets, after new labor market data eased concerns about the state of the world's largest economy. This rebound came just days after the index recorded its biggest daily loss since September 2022 on Monday.
On Friday, U.S. futures were slightly up and Asia-Pacific markets followed Wall Street's lead.
In Europe, Hargreaves Lansdown and Lanxess will release their quarterly earnings, while final July inflation figures are anticipated from Germany and Italy.
Markets
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