LONDON — European markets opened higher connected Friday arsenic a record-setting erstwhile league for the U.S. buoys sentiment.
The pan-European Stoxx 600 was 0.2% successful affirmative territory astatine the opening bell.
Global investors volition beryllium watching the latest developments betwixt Ukraine and Russia connected Friday amid warnings by NATO Secretary General Mark Rutte that Europe indispensable beryllium prepared for war.
"Russia has brought warfare backmost to Europe, and we indispensable beryllium prepared for the standard of warfare our grandparents oregon great-grandparents endured," helium said.
It comes arsenic Russia's cardinal slope has said Europe's program to usage frozen Russian assets to assistance Ukraine was illegal. European Union governments privation to hold on the proposal connected Friday, per reports.
On the taxable of defense, the White House's new national information strategy spooked Europe past week arsenic it warned the portion faced "civilizational erasure" and questioned whether it could stay a geopolitical spouse for the U.S., and fallout from the work continues.
David Petraeus, the erstwhile CIA Director and a four-star US Army general, told CNBC connected Thursday that it was nary atrocious happening for European nations to get a wake-up telephone to prioritize their defence and security.
The strategy was, "in a way, going aft the Europeans but, frankly, immoderate of the Europeans needed to beryllium gotten aft due to the fact that I watched arsenic 4 antithetic presidents tried to exhort the Europeans to bash much for their ain defence and present that's really happening," helium told CNBC's Dan Murphy in Abu Dhabi.
Elsewhere, the U.K. system unexpectedly contracted successful the 3 months to October, according to authoritative figures released Friday. Economists had expected 0% maturation implicit the period.
Final ostentation information is besides expected from Germany, France, and Spain today.
Switzerland's cardinal slope near rates unchanged connected Thursday astatine 0%, citing ostentation coming successful somewhat little than expected.
The euro reached its highest constituent against the dollar since Oct. 3. connected Thursday astatine $1.1738, arsenic the U.S. currency continues to depreciate.
Asia-Pacific markets traded higher Friday, tracking Wall Street gains aft 2 cardinal benchmarks deed caller records connected the heels of the caller Federal Reserve determination to chopped rates.
Stateside, futures tied to the Dow Jones Industrial Average were higher Thursday nighttime aft beardown gains successful worth areas of the marketplace pushed some the 30-stock scale and the S&P 500 to caller highs.
— CNBC's Holly Ellyatt contributed to this report.
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