Europe stock markets open higher

European stock markets continued positive momentum in the final session of the week, after a slew of corporate earnings beat expectations.

The pan-European Stoxx 600 index was up 0.3% shortly after the open, with construction stocks up 1.1%. Utilities led losses, down 0.6%.

The index closed slightly higher on Thursday, picking it up from a two-week low.

Despite nerves over U.S. regional bank First Republic — which is seeking a recovery strategy after its stock plunged on news it lost around 40% of its deposits in the first quarter — European bank results have proven more reassuring.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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