European Stock Futures Largely Flat; Deutsche Telekom Raises Outlook By Investing.com – Investing.com

European Stock Futures Largely Flat; Deutsche Telekom Raises Outlook By Investing.com – Investing.com

© Reuters.

By Peter Nurse 

Investing.com - European stock markets are expected to open largely unchanged Friday, consolidating after withstanding the shock of a sharp rise in U.S. inflation, helped by generally positive corporate earnings.

At 2:05 AM ET (0705 GMT), the contract in Germany traded 0.1% higher, while in France dropped 0.1% and the contract in the U.K. fell 0.1%.

European markets closed higher on Thursday, showing underlying strength in coping with a surprisingly strong reading on U.S. inflation, which raised the possibility of the Federal Reserve bringing forward plans to lift interest rates.  

The U.S. rose 6.2% year-on-year in October, official data showed on Wednesday, the strongest advance since November 1990.

Helping the tone were gains in Asia overnight, aided by signs of consumer confidence as Chinese e-commerce giants Alibaba (NYSE:) and JD.com (NASDAQ:) set new sales records across their platforms on Singles Day, the world's largest shopping event.

Back in Europe, supporting the resilience of the main indices has been the overall strength of the quarterly earnings season in Europe. 

This has continued Friday, with Deutsche Telekom (OTC:) reporting core profit above market estimates, raising its full-year outlook for the