LONDON — European markets closed higher Friday as investors digested a fresh round of corporate earnings and looked ahead to a crucial Spanish election over the weekend.
European markets
The pan-European Stoxx 600 closed 0.3% higher, with most sectors in positive territory. Households goods added 1.2% to lead gains, while mining stocks shed 1.5%.
Shares in Asia-Pacific were mixed on Friday as investors reacted to Japanese inflation figures, with the core consumer price index rising slightly in June from the previous month.
U.S. stocks were higher as the Dow Jones Industrial Average headed for its tenth-straight session of gains for the first time in nearly six years. The S&P 500 and Nasdaq also climbed in early trade.
Back in Europe, U.K. Prime Minister Rishi Sunak's Conservative Party suffered a heavy blow in a series of by-elections Thursday night, losing two seats in parliament to the main opposition Labour Party and centrist Liberal Democrats. The results were ominous for Sunak's ruling party as it looks ahead to a general election in 2024.
Spanish voters head to the polls on Sunday in a pivotal snap general election that could end the four-year tenure of left-wing Prime Minister Pedro Sanchez and mark a shift to the right in Europe's sixth-largest economy.
Corporate earnings on Friday came from Swiss miner Glencore. Earnings season kicks off in earnest next week, when Europe's major banks, pharmaceutical firms, automakers, energy giants and aircraft manufacturers are all due to report.