European markets are expected to open mostly higher on Friday morning, as investors turn their attention to Brussels, where news surrounding Brexit negotiations are due to be announced.
On the bourses front, the U.K.’s FTSE 100 is expected to open 9 points lower at 7,311, however the German DAX is set to open 69 points higher at 13,113 and the French CAC up 13 points at 5,397, according to IG.
In Europe’s previous session, markets finished the trading day slightly higher, as closed higher, with technology stocks leading the gains.
In Asia, markets were mostly higher, as investors digested data out of China which beat analyst expectations. Consequently, the positive sentiment seen in markets overseas is likely to provide a boost to European trade.
Brexit continues to keep investors on their toes as the Prime Minister of Britain, Theresa May, heads to Brussels to meet up with European Commission President Jean-Claude Juncker, as the U.K. tries to secure an agreement with the European Union, in order to open negotiations on trade post-Brexit.
Meantime, officials from both the euro area and Ireland said that Britain and Ireland could be within reach of an agreement when it comes to the running of an Irish land border, according to Reuters.
Speaking of politics, news Stateside is expected to shake up sentiment, whether that be related to Russia relations, tax reforms or geopolitics. In the latest from the country, Congress moved rapidly to send President Donald Trump a short-term funding bill on Thursday, in order to prevent a government shutdown from happening this weekend.
Elsewhere, global banking supervisors have signed a long-awaited agreement on Thursday, which is the last piece of the Basel III puzzle and is a compromise between U.S. and European regulators over capital levels and measurements of risk in the banking industry.
In individual stocks news, Berkeley Group is set to report financial figures, while a number of companies will host key corporate events including Royal Bank of Scotland, which is expected to host an investor seminar webcast.
When it comes to data, the main piece of information investors will be scouring through is that of the U.S.’ nonfarm payrolls report, which will hopefully give traders an impression of the U.S. economy and jobs situation.
European shares seen mostly higher as Brexit talks reach crucial stage