European stock markets are expected to trade cautiously on Friday as a slew of data releases across the bloc update investors on the economic growth, price patterns and economic activity. Sentiment would however remain strong amidst the recent positive earnings updates, keeping the markets in high spirits on the last trading day of the month.
Flash GDP data released before hours showed France's economy stagnating in the first quarter versus expectations of a 0.3 percent growth as the energy price escalation following the war in Ukraine dented household consumption. Previous quarter GDP growth has been revised upwards to 0.8 percent. Annual GDP growth is 5.3 percent versus an upwardly revised 5.5 percent in the fourth quarter.
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