European markets looked set to open slightly higher Friday, after U.S. economic data came in stronger than expected and with a slew of rate hike decisions due next week.
Stocks in the Asia-Pacific traded higher on Friday as Wall Street’s major indexes gained after the U.S. economy grew more than expected. Government data showed the economy expanded at an annualized rate of 2.9% during the fourth quarter, higher than expectations.
European markets are heading for a negative open on Wednesday, continuing a negative trend seen at the end of Tuesday’s trading session, despite data out of the eurozone showing an uptick in business activity in the region’s services and manufacturing sectors.
European markets are heading for a higher open on Tuesday with investors awaiting the latest flash purchasing managers’ index data from the euro zone in January. PMIs track business activity in the services and manufacturing sectors.