Europe seen higher amid post-Brexit rally

European stocks are expected to open higher on Friday as the rally in global stocks continues despite uncertainties over the Brexit vote.

The London FTSE index is called to open 33 points higher at 6,537, the German DAX up 54 points at 9,734 and the French CAC up 28 points at 4,265.

European markets continued to rally yesterday, rising in late trade as Bank of England Governor Mark Carney gave a dovish speech following last week's U.K.'s referendum result. He said that the bank could deploy further stimulus this summer and had a wide range of tools available but he warned that the U.K.'s economic outlook had deteriorated.

Sterling climbed to $1.3340 during Asian trade on Friday after tumbling to around $1.3225 in the wake of Carney's remarks overnight.

Elsewhere in Asia on Friday, markets traded higher on the first day of the new quarter, tracking global stocks' third day of recovery following the Brexit vote despite a slew of downbeat data from China and Japan.

Manufacturing momentum in China skidded to a four-month low in June, according to twin surveys released on Friday.

In oil markets, prices rose early on Friday, with Brent jumping back above $50 per barrel, as investors positioned themselves for more price increases this year in expectation of a tighter market, Reuters reported.

Euro zone unemployment data for May is due on Friday at 10a.m. London time.

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