European stocks opened stable today, Friday, but are on track to record a fifth consecutive week of gains as investors await more economic data from the Eurozone alongside additional corporate results. The "Stoxx 600" European index rose by 0.1%, hovering near its highest level in 14 months, and automotive stocks increased by 1%, recovering some of the losses from the previous session. The mining sector was the biggest loser on the index, declining by 1.8%.
Shares of luxury eyewear company "EssilorLuxottica" surged by 5.2% after it announced a rise in first-quarter revenues supported by a recovery in growth driven by China. Additionally, shares of Daimler AG jumped by 2.1% after reporting adjusted revenues that exceeded expectations for first-quarter sales at 14.8%, bolstered by rising prices and strong demand.
Regarding economic data, investors are looking forward to the "S&P Global" Purchasing Managers' Index for manufacturing and services for April to assess the economic strength of the Eurozone, as well as awaiting remarks from policymakers at the European Central Bank.
