Investors Take Their Cues From Corporate Earnings

Stocks grind higher as earnings impress
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European stocks are set to end the week with modest gains as investors continue to take their cues from improving corporate earnings and active currency markets.

Britain's FTSE 100 opened modestly higher at the opening bell, according to financial bookmakers IG, although a weakening pound, which slipped to 1.2967 in overnight trading, could support gains.

Eurozone stocks, however, could be held back by a stronger single currency, which surged to a near-two year high yesterday after a slump in the dollar and a suggestion from European Central Bank President Mario Draghi that the Bank isn't minded to slow its gains in foreign exchange markets.

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