European Stocks Set to Open Steady


European shares, which hit two-week closing lows in the previous session, are set to open steady on Friday, with few corporate results due and after oil prices hit a record $90 a barrel.

Markets will eye a meeting of the Group of Seven finance ministers and central bankers due to start in Washington later in the day.

Friday marks the 20th anniversary of the 1987 stock market crash on Wall Street. Friday's date commemorates "Black Monday," as Oct. 19, 1987, came to be known, when the Dow Jones Industrial Average fell 508 points, or 22.6 percent, still the Dow's biggest percentage drop.

Spread betters in London expect the FTSE 100 Index to tick up one to two points, the DAX is seen between up three and down four points and the CAC 40 is seen flat to four points lower. Asian stock markets were weaker.

On the economic data front, German producer prices and British gross domestic product preliminary quarterly data is due to be released.

On Thursday, Google reported forecast-beating results, extending the theme of robust technology numbers. Earnings are due in the day from earthmoving equipment maker Caterpillar and diversified manufacturer Honeywell International.