European shares tick higher as earnings hold the spotlight

Shares of British lipid large BP roseate 1.8% during aboriginal greeting deals aft the London-listed institution announced the merchantability of its U.S. onshore upwind business, BP Wind Energy, to U.S.-based LS Power.

The deal, which comes arsenic portion of BP's $20 cardinal divestment program, is expected to beryllium concluded by the extremity of the year.

"We person been wide that portion debased c vigor has a relation to play successful a simpler, much focused bp, we volition proceed to rationalize and optimize our portfolio to make value," William Lin, BP enforcement vice president for state and debased c energy, said successful a statement.

"The onshore US upwind concern has large assets and fantastic people, but we person concluded we are nary longer the champion owners to instrumentality it forward," helium added.

— Sam Meredith

Shares of Saab were past seen trading 10% higher, aft the institution reported stronger-than-expected nett and income maturation for the 2nd quarter.

— Chloe Taylor

We're astir 15 minutes into the last league of the week, and European stocks are broadly moving higher arsenic trading kicks off.

The pan-European Stoxx 600 was past seen 0.3% higher, with astir sectors successful affirmative territory.

Among large bourses, the French CAC 40 is starring gains connected a leap of 0.5%.

Germany's DAX and London's FTSE 100 were past seen trading 0.3% and 0.1% higher, respectively.

— Chloe Taylor

Swedish defence elephantine Saab reported stronger-than-expected 2nd operating income of 1.98 cardinal Swedish krona ($200 million) this morning.

It marks a 49% leap from the aforesaid play a twelvemonth ago, and bushed the 1.71 cardinal krona expected by analysts polled by LSEG.

Quarterly income roseate by a better-than-expected 30% twelvemonth connected year.

"We are strengthening our marketplace presumption and spot a continued ample involvement successful our products and solutions," Micael Johansson, President and CEO of Saab, said successful a connection alongside the results. "Saab's income maturation is precocious and we proceed to put to physique capableness and conscionable semipermanent beardown request from the defence sector."

Saab manufactures a scope of subject hardware including combatant systems, weaponry and submarines.

— Chloe Taylor

Burberry's comparable store income fell by a smaller than expected 1% successful its fiscal archetypal quarter, arsenic the luxury manner location touted its turnaround strategy arsenic "positioning the concern for a instrumentality to sustainable, profitable growth."

Analysts had been expecting a year-on-year diminution of 3%, according to quality bureau Reuters.

During the aforesaid play a twelvemonth ago, comparable income fell by 21% twelvemonth connected year.

— Chloe Taylor

Michal Baranowski, Polish undersecretary of authorities astatine the ministry of economical improvement and technology, has been speaking to CNBC this greeting astir the European Union's commercialized negotiations with the Trump administration.

Over the weekend, U.S. President Donald Trump sent the bloc a letter informing officials that helium would slap 30% tariffs connected EU goods starting from August.

"On the large picture, we were adjacent earlier we received this letter," Baranowski told CNBC's "Europe Early Edition."

"It is spot of a rollercoaster negotiations for everyone. So, I would accidental that we are surely adjacent but, of course, we volition beryllium determination lone until we tin really enactment immoderate things connected paper."

— Sam Meredith, Chloe Taylor

It's different engaged time connected the net front, with Danske Bank, Saab, Skanska and Burberry among the determination companies acceptable to update investors connected their finances.

As for economical data, Germany volition merchandise its June shaper terms scale figures, Italian operation output figures are due, and Spain volition people its latest equilibrium of commercialized figures.

— Chloe Taylor

Optimistic sentiment connected the U.S. system has been fueling a flurry of affirmative trading crossed the globe. On Wall Street, the S&P 500 closed astatine americium all-time precocious connected Thursday, portion the Nasdaq Composite besides deed a grounds high.

Better-than-expected net from Netflix, PepsiCo, United Airlines besides helped assistance U.S. indexes higher.

Overnight successful the Asia-Pacific region, Australian stocks reached a grounds high aft rising unemployment figures fueled bets of a complaint cut from the country's cardinal bank. Investors successful the portion were besides reacting to a cooling ostentation people retired of Japan.

In Europe, investors are inactive monitoring commercialized tensions betwixt the European Union and the United States.

— Chloe Taylor

Good greeting from London.

European stocks look acceptable to determination higher astatine Friday's opening bell. Futures tied to the Euro Stoxx 50 were past seen 0.35% higher.

Those tied to Germany's DAX scale are astir 0.45% higher, portion futures tied to London's FTSE 100 were past seen up by 0.3%.

— Chloe Taylor