Europe markets tick higher at open, look set for weekly gains – NBC Los Angeles

This is CNBC’s live blog covering European markets.

European markets started Friday in the green after a reversal of momentum in the previous session.

The pan-European Stoxx 600 index opened up 0.4% at 8 a.m. London time.

It ended Thursday down 0.7%, with oil and gas shares leading falls on the back of weaker crude prices. It marked a change of pace for the index, which is still up 1.8% over the week to Thursday’s close.

Italian insurance and asset management company Generali is the only major corporate due to report results on Friday.

U.K. retail sales figures for October are due Friday, along with a final reading of euro zone inflation for October.

In the U.S. stock futures were relatively flat. Markets have been buoyed by soft readings for October’s consumer price index and the producer price index, which boosted hopes that inflation could finally be coming down and staying down — and the U.S. Federal Reserve’s tough monetary policy regime could be over.

Meanwhile in Asia, Hong Kong stocks led declines. E-commerce giant Alibaba shares slid following results in which it said it would not proceed with the full spinoff of its cloud group in light of U.S. chip export restrictions.

European markets: Here are the opening calls

European markets are expected to open in the green Friday.

The U.K.’s FTSE 100 index is expected to open 26 points higher at 7,434, Germany’s DAX is set to open up 31 points at 15,818, and France’s CAC is seen 14 points higher at 7,187, according to data from IG. 

— Katrina Bishop

CNBC Pro: Time to buy Siemens and HelloFresh after big share price moves? Here’s what analysts say

Shares of the German meal-kit delivery firm HelloFresh lost nearly a quarter of their value on Thursday after it surprised investors by issuing a profit warning.

In contrast, Siemens, the German industrial manufacturing giant, posted strong fourth-quarter and full-year results that beat market expectations. Shares of the $125 billion company jumped by more than 5% on the news.

Should investors buy the stocks now?

CNBC Pro subscribers can read about what Wall Street analysts have to say about the two stocks here.

— Ganesh Rao

CNBC Pro: Morgan Stanley’s analyst just struck a cautious tone on Alphabet. Here’s why

Google parent Alphabet has been among the so-called “Magnificent Seven” stocks that investors have been looking at favorably this year — but one analyst has some reservations.

Morgan Stanley is overweight on the stock, but equity analyst Brian Nowak struck a cautious tone when talking to CNBC, especially when compared with Meta and Amazon.

It comes after the bank cut its price target on Alphabet from $155 to $150, giving it upside of 11.4% from its close on Nov. 15.

CNBC Pro subscribers can read more here.

— Amala Balakrishner