European shares are higher Friday as investor sentiment improves following no new trade dispute developments. Investors also appear sanguine as the latest round of earnings reports begins, while an upbeat performance on the Nasdaq overnight is also boosting European tech stocks.
By 1350 BST, the EUROSTOXX 600 was 0.20% in positive territory, while the EUROSTOXX 50 had gained 0.25%. The German DAX was up 0.30% and the French CAC rose 0.39%, however, the Spanish IBEX was 0.38% in the red.
Investor sentiment continued to improve amid a lack of new developments in the trade disagreement between the US and China. And, while President Trump made the surprising move of openly criticising UK Prime Minster Theresa May’s potential new Brexit plan, investors appear relatively sanguine.
Investors are also looking ahead to the next earnings season with positive expectations that financial updates will bring good news.
In addition to that, European tech stocks have moved higher, buoyed by the upbeat overnight performance of the US’ Nasdaq tech stock index.
- Dutch firm BE Semiconductor shares gained 0.84% to trade at €21.66.
- Austria Microsystems shares moved 1.67% higher to hit CHF70.62.
Other stock movers
Ryanair was another upbeat performer as the budget airline gained unconditional EU regulatory approval to purchase the remaining 75% of LaudaMotion. Ryanair shares were higher in morning trade, although the stock has reversed that move to trade 0.16% lower at €15.56.
While the broader investor tone was positive and there were some notable stock risers Friday, there was also some disappointment.
ThyssenKrupp shares lost 1% to trade at €20.69 after the board appointed the German engineering group’s CFO as the interim CEO while it searches for a permanent leader.
Altran Technologies shares, meanwhile, tanked 27.55% to trade at €8.68 after it uncovered at least $10 million in fraudulent purchase orders in the account of its recent purchase, Aricent.