European Markets Climb With Earnings, Economic Data on the Agenda

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European markets are set for a cautiously higher open as investors digest a fresh swathe of corporate earnings and await key economic data out of the euro zone.

in the second quarter, confirmed by the Bureau of Economic Analysis on Thursday and deepening fears of a possible recession.

Corporate earnings continue to drive individual share price movement in Europe. Standard Chartered, Santander, Renault, Air France-KLM, BNP Paribas, AstraZeneca, Engie and Swiss Re were among the major players reporting before the bell on Friday.gained 10.9% after its first-half earnings report.SubscribeAlso on CNBC

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