FXstreet.com (Barcelona) - European markets edge up on Friday, following gains on Asian markets and more upbeat quarterly earnings reports by U.S. companies. The Dollar advanced against Pound and Yen, sidelined against Euro.
Eurostoxx 50 Index adds 0.3% while the German DAX and French CAC Indexes trade 0.2% up each. In the U.K, the FTSE edges up 0.15% in the fist hours of trading.
Among the biggest gainers, Telefonica advanced 2.2% after the company released its commitment to increase shareholders' returns by a dividend of EUR1.4 next year. Furthermore, the Automobile sector was the strongest performer on Friday's session as markets await news from German Goverment's meeting with representatives of countries that hold Opel companies.
Dollar, up against Pound and yen
GBP/USD has continued declining on early European session, and retreat from 1.6120 high on Thursday extends beklow 1.6000 at the moment of writing, with the Pound trading at 1.5960 at the moment of writing.
USD/JPY has rally from 88.15 low on Thursday, has reached 89.40 resistance area on Friday's Asian session, and, unable to break above it, so far, the pair has eased to levels around 89.20 at the moment of writing.
EUR/USD decline from 1.4820 hgh on Friday found support at 1.4705 on early European session, and the pair has remained mioving in a range from the mentioned support, to 1.4740 on the upside.