The pan-European Stoxx 600 was trading 0.6% higher at 8:45 a.m. in London, with nearly all sectors and major bourses in positive territory. Technology stocks led the gains, up 1.3%, while the European banking index fell 0.2%.
The regional index snapped a four-session losing streak on Thursday and closed about 0.5% higher.
Data released Friday showed Germany's economy grew a modest 0.1% in the third quarter from the previous three months — lower than a preliminary reading of 0.2% for the period.
In the U.K., the pound fell to a six-month low against the U.S. dollar following data on U.K. retail sales. The country's Office for National Statistics said retail sales volumes fell 0.7% month-on-month in October, well below economists' expectations for a 0.3% decline.
Investors are also closely monitoring any further escalation in the Russia-Ukraine war.
Gold prices extended gains on Friday and were on track for their best week in a year, amid concerns over the conflict. Spot gold was trading about 1% higher at $2,698.3 an ounce at 8:45 a.m. in London.
Asia-Pacific markets were mostly higher on Friday, tracking gains on Wall Street that saw the S&P 500 gain for a fourth straight day.
U.S. stock futures edged higher overnight, on track to end the week with gains on all three major indexes.
Source: CNBC
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