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Market News

European Markets

Opening calls are indicating a higher open this morning.

Asian Markets

The Nikkei and Hang Seng averages are trading higher in the current sesstion.

US Markets

Stocks closed significantly higher Thursday, giving the market its second day of gains. Investors focused on the European Central Bank’ surprise rate cut and mostly shrugged off fears over Greece.

The Dow Jones industrial average moved up 208 points, or 1.8%. The S&P 500 gained 23 points, or 1.9%, and the Nasdaq added 58 points, or 2.2%.

Events Today

Key corporate releases out on Friday include third quarter results from British bank the Royal Bank of Scotland.

German lender Commerzbank reported a third quarter operating loss on Friday and abandoned its full-year targets due to impairments on Greek assets.

From France telecommunications equipment maker Alcatel Lucent will announce its third quarter figures along with luxury goods producer Hermes International.

Services PMI data from France is out at 8:50 UK time, followed by Germany at 8:55 and the European Union at 9:00.