Eurostoxx 50 index advances 0.4% while the German DAX Index adds 0.25% and the French CAC Index advances 0.5%. In the UK, the FTSE Index advances 0.2% two hours after the opening bell.
Stocks on the technological sector are leading gains on European markets, after Intel fourth quarter's earning reports showed a 28% year on year increase in the chipmaker's revenue. Intel's earnings per share reached 40 cents, beating expectations of 30 cents
Euro weakens; Dollar and Yen up
EUR/USD decline from levels above 1.4500 in Asian session have extended below 1.4405 week low at on early European trade, and the pair has hit a fresh week low at 1.4377 to pick up to levels right above 1.4400 shortly afterwards. At the moment, the Euro attempts to pick up, trading at 1.4410.
GBP/USD rally from 1.5895 area on Jan 7 has stalled right above 1.6350 ahead of the European session opening, ad the pair has eased to levels right above 1.6300 on European trade.
USD/JPY recovery from 90.70 low on Tuesday 12 was caped on Thursday at 92.05 high, and the Dollar's pullback extended during Asian session to hit a fresh 3-week low at 90.65 on early European session. At the moment of writing, the Dollar trades at 90.75.