london european markets are set to open higher on friday tracking global gains as another volatile trading week comes to a close britains ftse 100 is seen around 75 points higher at 7378 germanys dax is set to add around 120 points to 14002 and frances cac 40 is expected to gain around 49 points to 6322 the paneuropean stoxx 600 is heading for a negative week having closed lower on thursday as concerns about inflation and ominous earnings reports from us retailers dented global sentiment markets in asiapacific advanced on friday with hong kongs hang seng index leading gains as china kept its oneyear benchmark lending rate unchanged at 37 but cut its fiveyear loan prime rate by 15 basis points us stock futures rose in premarket trade pointing to a higher open on wall street on friday as traders watch to see if the sp 500 will tumble into bear market territory