European stocks inch higher as earnings roll in, with U.S. equity futures steady ahead of retail sales data

European stocks rose modestly on Friday, as investors kept watch on the fast spreading delta variant of the coronavirus that causes COVID-19, and absorbed a fresh batch of earnings. U.S. stock futures were steady ahead of retail sales data.

And in Germany, Chancellor Angela Merkel has pledged rapid help for disastrous flooding that has killed more than 90 and left hundreds missing in the western part of the country, as persistent rains have left rivers and reservoirs overflowing. The floods have also affected neighboring countries such as Belgium and Luxembourg.

From the luxury-goods sector, shares of Burberry BRBY, -3.91% fell over 2%. The U.K. luxury-goods group reported a 90% rise in comparative store sales and a 26% rise in full-price comparable sales for the 13 weeks ended June 26, both compared with the year-ago period, driven by a strong rebound from the pandemic.

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