European stocks open higher, robust China CPI underpins

The European equity markets opened firmer on the final trading day of this week, tracking the positive lead from their Asian peers, as the European traders cheer much stronger-than expected China’s CPI report, which showed that the country’s inflation rose for the first time in 55 months.

The European indices rebound after a three-day losing spree on Friday, as markets seek to lock-in profits  ahead of key US retail sales report and consumer sentiment report, which will be followed by Fed Yellen’s speech.

Moreover, prevalent risk friendly market environment is also backed by higher oil prices, which boosts the energy and resource sector stocks.

Meanwhile, Germany's DAX 30 index rises 0.65% to 10,481, while the UK's FTSE 100 index gains +0.59% to, 7,018. Among the other indices, the French CAC 40 index advances +0.79% to 4,439, while the pan-European Euro Stoxx 50 index rebounds +0.80% higher to test 3k mark.