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European equity markets move higher Friday

FXstreet.com (Barcelona) - The European stock notched modest gains Friday, as market tranquility seems to have prevailed in the absence of any major drivers. Earlier today in the EMU, Construction Output s.a. (MoM) came in at -1.7% in March, compared to -0.3% previously. Moreover, Construction Output w.d.a (YoY) declined -7.9% in March, relative to +1.7% in the previous month.

Beginning with the indices and composites, the EURO STOXX 50 grew +0.18% as it settles in region of 2804.53, up +5.19 points in these moments. In addition, the FTSE 100 is trading in positive territory, operating at 6712.36, ascending +24.83 points or +0.37% at the time of writing. Finally, the DAX has strengthened recently, trading in the zone of 8377.94 presently +0.17% after a movement of +8.07 points.

Moving to commodities the prices of gold and silver are trading at USD $1379.09 and $22.52 per oz. respectively. In addition, the price of crude is operating at USD $95.53/bbl Friday.

GBP/USD oscillating 1.5220/50

Other markets are largely leading Cable for the time being. The pair is oscillating in a tight range in European markets since the stop loss activity above 1.5272 and then 1.5310.
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