European markets traded higher at the opening hour on Friday. The British FTSE was last trading 0.29% higher. French CAC was trading 0.27% in the green. The biggest European market by volume, German DAX was too trading 0.4 percent higher.

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European markets ended mixed on Thursday. FTSE gained half a percent, while DAX ended 0.2 percent lower.

The Wall Street indices ended higher in the previous session. Dow ended marginally lower, while S&P and Nasdaq closed 0.1 percent lower each. Dow Jones is on track for third straight week of losses, S&P on pace for fifth weekly loss.

US weekly initial jobless claim came higher at 2.07 lakh against 2.05 lakh. Rivian Automotive fell 22% on plans to raise $1.5 billion in convertible notes. The US 10-year yield steady at 4.27 percent ahead of key jobs report due on Friday.

The European markets are also taking cues from their Asian counterparts. Japan's Nikkei was last trading 0.26% lower, while China's Shanghai Composite and Hong Kong's Hang Seng were trading 0.1% and 1.45% higher, respectively.

Crude oil prices were last trading in the green, but are on track to record sharpest weekly fall since March. Brent crude oil and WTI prices were trading 0.5% and 0.6% higher, respectively. The prices were below $85 per barrel on tight supply and demand concerns.

The gold benchmark prices fell on Friday on steady treasury yield and dollar index.

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First Published:Oct 6, 2023 1:01 PM IST