European markets were cautiously higher Friday, after U.S. economic data came in stronger than expected, and with a slew of rate hike decisions due next week.
The pan-European Stoxx 600 index was up 0.1% in late morning trade, with all major bourses muted. Oil and gas gained 1.1% as food and drink stocks fell 0.5%.
Investors are processing a mixed performance from corporate earnings released this week, with the start of year rally stuttering.
Friday saw the release of French consumer data for January, which showed current household confidence and unemployment worries stayed stable, but reported living standards and future expectations decline.
It will also see the publication of U.S. data on core inflation, personal income and spending and pending home sales. The U.S. economy expanded by 2.9% year on year during the fourth quarter, beating expectations, though recession fears remain.
Earlier in the week, the German government as well…
