LONDON \u2014 European markets are expected to open higher on Friday as a record-setting previous session for the U.S. buoys sentiment. <\/p>\n
Futures tied to the U.K.’s FTSE 100<\/a> were last seen 0.4% higher, Germany’s DAX<\/a> was 0.5% up, and France’s CAC<\/a> 0.4% in positive territory, according to data from IG Group.<\/p>\n Global investors will be watching the latest developments between Ukraine and Russia on Friday amid warnings by NATO Secretary General Mark Rutte\u00a0that Europe must be prepared for war.<\/p>\n “Russia has brought war back to Europe, and we must be prepared for the scale of war our grandparents or great-grandparents endured,” he said. <\/p>\n It comes as Russia’s central bank has said Europe’s plan to use frozen Russian assets to help Ukraine was illegal. European Union governments want to agree on the proposal<\/a> on Friday, per reports.<\/p>\n On the theme of defense, the White House’s\u00a0new\u00a0national security strategy<\/a>\u00a0spooked Europe last week as it warned the region faced “civilizational erasure” and questioned whether it could remain a geopolitical partner for the U.S., and fallout from the publication continues. <\/p>\n David Petraeus, the former CIA Director and a four-star US Army general, told CNBC on Thursday that it was no bad thing for European nations to get a wake-up call to prioritize their defense and security.<\/p>\n The strategy was, “in a way, going after the Europeans but, frankly, some of the Europeans needed to be gotten after because I watched as four different presidents tried to exhort the Europeans to do more for their own defense and now that’s actually happening,” he told\u00a0CNBC’s Dan Murphy<\/a>\u00a0in Abu Dhabi.<\/p>\n Elsewhere, Switzerland’s central bank left rates unchanged on Thursday at 0%, citing inflation coming in slightly lower than expected.<\/p>\n The euro reached its highest point against the dollar since Oct. 3. on Thursday at $1.1738, as the U.S. currency continues to depreciate. <\/p>\n Asia-Pacific markets traded higher Friday, tracking Wall Street gains after two key benchmarks hit new records on the heels of the recent Federal Reserve decision to cut rates.<\/p>\n Stateside, futures tied to the\u00a0Dow Jones Industrial Average<\/a>\u00a0were higher Thursday night after strong gains in value areas of the market pushed both the 30-stock index and the\u00a0S&P 500<\/a>\u00a0to fresh highs.<\/p>\n \u2014 CNBC’s Holly Ellyatt contributed to this report. <\/p>\n","protected":false},"excerpt":{"rendered":"LONDON \u2014 European markets are expected to open higher on Friday as a record-setting previous session for the…\n","protected":false},"author":2,"featured_media":627913,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[3085,7426,194640,7425,2000,299,5187,805,36,1880,1824,2992,332,657,49],"class_list":{"0":"post-627912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-business-news","9":"tag-cac-40-index","10":"tag-david-petraeus","11":"tag-dax","12":"tag-eu","13":"tag-europe","14":"tag-european","15":"tag-foreign-policy","16":"tag-france","17":"tag-ftse-100","18":"tag-germany","19":"tag-mark-rutte","20":"tag-russia","21":"tag-ukraine","22":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115705550284762655","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/627912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=627912"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/627912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/627913"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=627912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=627912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=627912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}