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European markets are set to open mildly higher

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European markets are set to open mildly higher. Investors try to make sense of the noises coming from different central banks. A higher European open would largely follow the lead set by Asia.

Asian shares largely regained their footing on Friday, led by a sentiment change in Japanese markets following the Bank of Japan's (BOJ) decision to stand pat on its monetary policy.

Yesterday Deutsche Bank reported a net loss of EUR 6 billion. Euros in the third quarter; Barclays reported weaker than expected financial results. Royal Dutch Shell PLC reported a strong drop in Q3 profits due to lower oil prices and expected losses as a result of the refusal of the development of fields in Alaska and Canada.

Today investors will be keeping a close eye on the slew of European corporate earnings released today from the likes of RBS, BG Group, IAG, Airbus, BNP Paribas and ABInbev; and publications Germany Retail Sales - 09:00, Spanish GDP (Q3) - 10:00, Eurozone CPI (Oct) & Eurozone Unemployment Rate (Sep) - 12:00.


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