Peter Nurse 

Investing.com: European stock markets will open relatively unchanged on Friday. This is despite the shock caused by a sudden rise in U.S. Inflation, which was helped by positive corporate earnings.

The contract in Germany was 0.1% more expensive at 2:05 AM ET (705 GMT), while the contract in France fell 0.1%, and in the U.K. it dropped 0.1%.

European markets ended higher Thursday due to underlying strength when coping with an amazingly strong U.S. Inflation reading, raising the possibility that the Federal Reserve will bring forward plans for increasing interest rates.  

According to official data, October saw a 6.2% rise in the U.S. year-on-year, which was the largest increase since November 1990.

Gains in Asia overnight helped to set the tone, assisted by consumer confidence and Chinese e-commerce titans. Alibaba JD.com and (NYSE.) broke new records with their respective platforms during Singles Day. It is the biggest shopping day in the world.

In Europe, the strength of the quarterly earnings season supports the resilience and the principal indices. 

The trend continues Friday with Deutsche Telekom (OTC) reporting core profits above market estimates. This raises its full-year outlook to the third time thanks to T-Mobile in the U.S. and growth in European businesses.

Swiss luxury goods group Richemont (SIX:) reported a healthy jump in its net profit in the first half of its fiscal year, beating forecasts, but remained cautious for the coming months, citing inflation and geopolitical tensions.

Eurozone data September is the focus of the European economic calendar. The U.K., EU and Northern Ireland will be entering new negotiations on trade arrangements for Northern Ireland in an effort to avoid potential trade war.

Crude oil prices fell Friday due to the strength of the U.S. Dollar, which means that the commodity is more costly for buyers outside the U.S.

A volatile week for the oil market will be concluded with the release of the rig count. Meanwhile, all eyes will be on Glasgow as U.N.’s climate summit begins its last day. 

At 2:05 AM ET futures had traded 0.8% lower at $80.94/barrel, and the contract dropped 0.9%, to $82.12. Both futures and contracts will record losses this week of 0.7%.

Also, the price of gold fell 0.1% at $1,862.00/oz while it traded 0.1% lower to 1.1442.