European Markets Kick Off Strong

Major European markets opened higher on Friday, with investors closely analyzing fresh economic data and the latest trade developments. The positive momentum was evident across the board, setting an optimistic tone for the day.

Swiss Industrial Production Soars

Before the markets opened, the Swiss Federal Statistical Office reported an impressive 8.5% increase in industrial production for the first quarter of 2025. This significant growth has sparked interest among investors, who are now eagerly awaiting further trade balance data at both regional and national levels.

Market Performances Highlighted

At the opening bell, the DAX saw a 0.43% increase, with Siemens Energy AG leading the charge with a 2.92% rise. The CAC 40 wasn't far behind, trading 0.31% higher. The Euro Stoxx 50 also enjoyed a 0.16% increase, with Sanofi emerging as the top performer on both indexes, climbing by 1.81%. Not to be outdone, the FTSE 100 added 0.44% at the start, buoyed by GSK plc's 1.66% surge.

Currency Movements

The euro and pound both gained ground against the dollar, with the euro reaching 1.12111 (up 0.19%) and the pound selling for 1.33257 (up 0.16%) at 8:58 am CET.

More updates to follow as the day progresses.