European Markets Open Higher Amid Global Focus on Trump-Putin Summit

Major European stock indexes kicked off Friday's trading session on a positive note, with global attention riveted on the anticipated meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska. This summit has sparked cautious optimism about a potential resolution to the conflict in Ukraine.

Economic Indicators and Market Performance

On the economic front, investors are closely analyzing the latest report on Switzerland's economy, particularly its GDP growth. The DAX rose by 0.60%, and the Euro Stoxx 50 increased by 0.53% by 9:00 am CET. Leading the gains, BMW saw a significant jump of 2.09%. Similarly, the FTSE 100 advanced by 0.44%, with Antofagasta climbing 2.43%, and the CAC 40 improved by 0.59%, thanks to a 1.47% rise in Stellantis.

Currency Movements

The euro strengthened by 0.22% against the dollar, trading at $1.16729, while the pound also gained 0.18% against the greenback, reaching $1.35538 by 8:58 am CET.