European Stock Markets Set to Open Higher

European shares are expected to edge higher on Friday, following a mostly upbeat session in Asia but gains will likely be tempered as investors wait for U.S. markets to reopen after a public holiday.


Financial spreadbetters in London expect the FTSE 100 to open 10 to 14 points higher, Frankfurt's DAX to open 11 to 14 points up and Paris' CAC-40 to open 2 to 12 points up.

The FTSEurofirst 300 index of top European shares closed up 0.8 percent at 1,454.03 points on Thursday, paring some of Wednesday's near-3 percent slide.

With no overnight guidance from New York or Tokyo, where markets were closed for public holidays, European stocks may take their lead from other Asian bourses, most of which traded higher.

The euro hitting record highs against the dollar could put shares in major exporters such as autos under pressure, while crude oil holding narrowly below $100 could help energy stocks.

European Central Bank Governing Council member Axel Weber will take part in a panel on global capital and central banks at the Frankfurt European Banking Congress.

U.S. markets reopen after the Thanksgiving holiday on what is known as "Black Friday," traditionally the start of the key holiday shopping sesason where consumers' resolve will be put to the test after a year of record high energy prices and the worst liquidity squeeze in decades.