Europe: Stocks edge higher at open
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EUROPEAN stock markets edged higher at the open on Friday (May 27), as investors took their cue from gains elsewhere.
London's benchmark FTSE 100 index of major blue-chip companies added almost 0.1 per cent to 7,573.58 points, compared with the closing level on Thursday.
In the eurozone, Frankfurt's DAX index rose by 0.5 per cent to 14,306.35 points and the Paris CAC 40 climbed by 0.7 per cent to 6,453.77.
Asian markets were higher Friday following a strong performance on Wall Street, with Hong Kong leading the way as forecast-beating earnings reports by tech titans Alibaba and Baidu sent their shares soaring.
The positive mood came after Federal Reserve minutes indicated the US central bank could take a breather in hiking interest rates if inflation shows signs of easing later in the year. AFP
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