European shares set to inch higher as investors monitor recovery, tapering fears

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European stocks are set to open slightly higher on Friday, tracking global sentiment as investors place faith in the prospect of a steady economic rebound.

In Europe, the U.K. is set to publish plans next month to lift travel restrictions for fully vaccinated people except those at the highest Covid-19 risk level.forecast inflation surpassing 3% at its peak before cooling down, but insisted the spike above its 2% target would be transitory and kept its monetary stimulus at full throttle.

Germany's GFK consumer sentiment index, published before the bell Friday, showed consumer confidence in Europe's largest economy rising to -0.3 points heading into July, vastly outstripping a consensus forecast of -4.0, and up from -6.9 the previous month.

 

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