Europe stocks open in the green to extend record high; traders digest dovish ECB messaging

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European banal markets opened higher Friday, aft a slew of earnings, information and monetary argumentation decisions saw the benchmark Stoxx 600 scale adjacent astatine a grounds level successful the anterior session.

The scale roseate different 0.25% successful aboriginal deals, breaching 540 points for the archetypal time. Smiths Group was the apical performing stock, up 16%, aft the British engineering radical announced plans to demerge oregon merchantability disconnected parts of its concern to "focus connected precocious show concern technologies."

French ostentation held astatine 1.8% successful January

French ostentation came successful astatine 1.8% successful January connected a preliminary basis, dependable connected the erstwhile month, statistics bureau Insee reported Friday.

Economists polled by Reuters expected a speechmaking of 1.9%. The fig is adjusted for examination with different euro portion countries.

National German ostentation figures are owed astatine 2 p.m. CET.

— Jenni Reid

German employment dependable successful December portion retail income driblet much than forecast

The fig of employed radical successful Germany held steady period connected period successful December, statistic bureau Destatis said Friday, and was down 0.1% from a twelvemonth earlier.

The complaint of unemployment accrued to 3.2% from 2.9% successful December 2023.

Destatis besides announced retail income fell by 1.6% connected the erstwhile month, importantly much than the 0.2% forecast by economists successful a Reuters poll.

Figures published Thursday showed German gross home merchandise declined 0.2% successful the last 4th of the year amid continuing weakness successful its concern sector, confirming the second consecutive yearly contraction for the euro zone's largest economy.

— Jenni Reid

Novartis posts better-than-expected fourth-quarter sales

Swiss pharmaceutical giant Novartis on Friday reported better-than-expected income successful the 4th quarter, but falling abbreviated of its ain guidance implicit the full-year stretch.

Fourth-quarter nett income roseate 16% connected a changeless currency ground to $13.2 billion, compared to the $12.795 cardinal estimated by analysts successful an LSEG poll.

Quarterly adjusted halfway operating income came successful astatine $4.86 cardinal versus the $4.23 cardinal expected.

Read the afloat communicative here.

— Karen Gilchrist

Europe markets: Here are the opening calls

The U.K.'s FTSE 100 scale is acceptable to unfastened astir 9 points higher connected Friday astatine 8,661 points, according to IG data.

However, different bourses headed for declines, with Germany's DAX seen down 30 points astatine 21,703 points, France's CAC 40 down 11 points astatine 7939.7 points, and Italy's MIB little by 23.5 points astatine 36,619 points.

— Jenni Reid

Gold futures deed caller all-time precocious arsenic investors parse latest U.S. data

Gold futures notched a caller all-time precocious arsenic investors assessed the latest GDP information from the U.S.

Gold futures connected the New York Mercantile speech were trading astatine $2,852.5 per ounce.

"Today's limb higher tin beryllium explained by the merchandise of the 4th fourth US GDP maturation data, which slowed much than expected," said Trevor Yates, elder concern expert astatine Global X ETFs.

Yates expects that the slower-than-expected GDP information could pb the Fed to beryllium "increasingly dovish, letting ostentation tally hotter for longer and truthful pushing existent rates lower."

Gold prices thin to stock an inverse narration with involvement rates.

— Lee Ying Shan

AI investing crowding exacerbated DeepSeek meltdown

The contention to put successful artificial quality assets exacerbated Monday's DeepSeek fallout, according to Bank of America.

"Funds piled into AI stocks past year, apt contributing to the outsized reactions we saw successful effect to DeepSeek," wrote strategist Savita Subramanian. "AI/tech companies with the biggest summation successful ownership breadth implicit the past twelvemonth were deed hardest by the headline."

Specifically, Subramanian pointed to semiconductor shaper Broadcom arsenic an example.

"AVGO, which plummeted 17% connected Monday, tops our database of stocks with the biggest increases successful ownership breadth past year: 56% of US ample headdress funds owned the banal astatine the extremity of 2024 vs. conscionable 38% astatine the extremity of 2023," she wrote.

— Lisa Kailai Han

Dollar jumps aft Trump threatens tariffs connected Mexico, Canada

The U.S. dollar roseate against different currencies Thursday day aft President Trump said helium would enforce a 25% tariff connected Mexico and Canada.

The ICE U.S. Dollar Index turned affirmative connected the time aft the comments, trading astatine 108.07. The index, which measures the greenback against a handbasket of currencies, was trading adjacent 107.76 earlier the remarks.