LIVE MARKETS-Europe before the bell: futures higher as global stocks rally
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EUROPE BEFORE THE BELL: FUTURES HIGHER AS GLOBAL STOCKS RALLY
European equity futures are heading higher again on Friday with geopolitical worries and trade tensions taking a backseat for now.
Euro STOXX 50 futures STEXc1 are up 0.7%, while futures on the DAX FDXc1 and CAC FCEc1 are up 0.8% and 0.6% respectively. FTSE futures are eking out a 0.1% gain.
Markets remain in a bouyant mood. U.S. shares gained 0.8% on Thursday, while Asia-Pac stocks .MIAPJ0000PUS hit their highest level since November 2021 overnight.
In corporate news, Akzo Nobel AKZO.AS agreed to sell its Indian unit to JSW Paints for $1.1 billion.
Eyes will also be on sportswear brands Adidas ADSGn.DE and Puma PUMG.DE after U.S. peer Nike NKE.N surged over 10% after hours following upbeat results.
(Samuel Indyk)
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