European stocks edged higher on Friday, led by positive earnings
European stocks edged higher on Friday, led by positive earnings
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In the International scenario of stocks, European stocks edged higher on Friday, propelled by positive earnings updates from Barclays and carmakers, while pesky concerns about the economic impact of rise coronavirus cases put markets on course for weekly losses.

The heavy weight  index  pan-European STOXX 600 advances 0.2 percent  during the day, with Asian markets stuck in a trading range as investors put your their foot with caution with less than two weeks to go before the United States presidential election.  European stocks reportedly inched higher, boosted by positive earnings updates from Barclays and carmakers. London's FTSE 100 was supported by a 2.8 percent jump in Barclays after it reported much better than expected quarterly earnings.

Carmaker Daimler rose 1.9 percent after the company raised its 2020 profit outlook, while Renault was up 1.5 percent after reporting it should have positive cash flow from cars by the end of 2020 as sales recovered. However, gains were limited as France looked set to broaden a curfew to over two thirds of its population after the country set an all-time daily high of new Covid cases on Thursday. Meantime, it also reports that IHS Markit's early reading of euro zone and UK business activity for October is due later in the day.

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