European markets were higher on Friday as investors reviewed U.K. economic data and anticipated a second U.S. inflation report. The Stoxx 600 rose by 0.8% during early trading, with most sectors in positive territory. Mining, construction, oil and gas, and tech stocks all showed gains of over 1%. Burberry fell by 12% and weighed down the pan-European benchmark after issuing a profit warning due to slowing demand. Meanwhile, the U.K. economy experienced growth in November, with gross domestic product expanding by 0.3%. U.S. futures remained flat ahead of the upcoming inflation report.
