Skip to main content

LONDON (The Deal) -- European stock indices edged higher on Friday ahead of nonfarm payrolls data from the U.S., while Asian markets closed largely higher, paring weekly losses.

The euro fell against the dollar after Germany's Federal Constitutional Court said the European Court of Justice should be the main arbiter of a local complaint about a European Central Bank bond buying program spawned at the height of the eurozone's sovereign debt crisis as German judges expressed doubts about the legality of the program. Bailouts of outlying, mainly Mediterranean eurozone nations have proved unpopular in some quarters in Germany.

In the U.K. official figures showed industrial output rose less than expected in December, climbing 1.8% in the year and 0.4% in the month.

U.S. nonfarm payroll figures for January will be out at 8:30 a.m. EDT.

In London the FTSE was up 0.19% by mid-morning at 6,570.83. In Frankfurt the DAX was up 0.27% at 9,281.69, and in Paris the CAC 40 closed up 0.10% at 4,192.48.

Scroll to Continue

TheStreet Recommends

Steelmaker ArcelorMittal (MT) - Get ArcelorMittal SA Report rose in Amsterdam after posting fourth-quarter results that beat expectations.

In Sydney, Aurora Oil & Gas closed up 56% after Canada's Baytex Energy agreed to offer $2.4 billion for the company get hold of its Texas shale oil assets. Aurora closed at A$4.09, just A$0.01 below the offer price.

All but three Asian indices closed up higher. In Tokyo, the Nikkei 225 closed up 2.2% at 14,462.21, It ended down 3% on the week, while the S&P Asia 50 was down about 1.7%.

Sony (SNE) - Get Sony Corp. Report closed up 4.1% as investors reacted to a plan announced to sell its PC unit and put its TV division into a standalone subsidiary.

In Hong Kong the Hang Seng rose 1.0% at 21,636.85.