European markets head for higher open as earnings remain in focus

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European stock markets are set to open in the green on Friday, rounding off a broadly negative week dominated by corporate earnings.

index has finished lower for the past three sessions as investors digested a slew of results from the biggest companies in Europe and the U.S.The week has also been dominated by the U.S. Federal Reserve's latest monetary policy meeting.

Demand for power and data centers has been taking the world by storm, and its not just the U.S. tech giants that are set to benefit, according to Goldman Sachs. The massive growth translates to an investment of nearly 800 euros in Europe's power transmission and distribution network, they added, naming stocks with over 30% upside potential on their radar.European companies are more cash-rich than they've been in recent history.

 

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