European Stocks Head for Higher Open

EthereumCraftsman · 2026-01-30T11:29:32+00:00

European equity markets were poised for a higher open, recovering from a two-day decline due to earnings reports from major companies. Optimism about a stronger euro and upcoming GDP data also contributed. SAP's 16% drop after disappointing earnings was noteworthy.

EthereumCraftsman

2026-01-30 11:29:32

Abstract generation in progress

European equity markets were set for a higher open on Friday, snapping a sharp two-day decline as investors digested a wave of earnings reports from some of the region’s largest companies. Markets were also buoyed by hopes that a stronger euro could help slow inflation, giving the European Central Bank more scope to ease borrowing costs. Investors will also assess fourth-quarter economic growth data from across the region, with Eurozone GDP expected to slow on both a quarter-on-quarter and year-on-year basis. On Thursday, German software giant SAP plunged 16% after its fourth-quarter results missed expectations for cloud revenue and the company warned that growth in its cloud backlog could decelerate this year. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were up 0.5% and 0.6%, respectively.

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