European markets set to open higher as investors monitor U.S.-Iran tensions

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 9, 2026.

Brendan McDermid | Reuters

LONDON — European stocks were set to open higher on Friday as traders await economic data and more earnings reports, while monitoring tensions between the U.S. and Iran.

London's FTSE 100 is set to open 0.5% higher, Germany's Dax 0.3%, and France's CAC 40 0.6%, according to data from IG.

Friday will see more European companies reporting earnings, including Air Liquide, Danone, Sika, Anglo American, and Kingspan Group.

Traders are also awaiting economic data, including U.K. retail sales figures, German producer price figures, and PMI flashes for the U.K., France, Germany, and the euro zone.

Geopolitical tensions are also in focus after U.S. President Donald Trump said on Thursday he would decide whether to take military action against Iran in the next 10 days.

U.S. futures climbed overnight as key economic data is due to be released, including the personal consumption expenditures index, which is the Federal Reserve's preferred inflation gauge, and the gross domestic product report for the fourth quarter.

Asia-Pacific markets were mostly lower on Friday, after the three major Wall Street indexes were down overnight amid a drop in private credit stocks and the tensions in the Middle East.

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