LONDON — European stocks are set to open higher on Friday, coming off the back of two positive sessions that have taken it back toward its recent record highs. U.K. retail sales came in stronger than expected, in a much-needed glimmer of light for the economy which data Thursday showed has entered a technical recession. Sales rose by 3.4% month on month, according to the Office for National Statistics, higher than the 1.5% growth forecast in a Reuters poll of economists. It was the biggest monthly rise since April 2021, and follows a record fall in December which hammered retailers during the key holiday month. The earnings flow slowed Friday, though bank NatWest posted a 20% increase in full-year pre-tax…
Published Date: 2024-02-16
Source: CNBC
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