07:46 AM EDT, 10/16/2020 (MT Newswires) -- European stock markets are trading higher Friday, even as the fiscal stimulus stalemate in Washington undercuts sentiments in US markets. Still, analysts in Europe cite a pending Democratic Party victory at Nov. 3 polls as possibly leading to large stimulus package after elections. Moet Hennessy Louis Vuitton, the Paris-based purveyor of luxury goods, is up 6.3% on rising Vuitton sales, boosting other fashion stocks. German automaker Daimler is up 4.3% after its Q3 profit report and forecast.
The Stoxx Europe 600 is 0.9% higher, while the UK's FTSE 100 is up 1.3%. The CAC 40 in Paris is up 1.5% and the DAX in Frankfurt is up 0.9%.
Brent crude oil is trading at $42.76, off 0.6% overnight.
German 10-year sovereign bonds offer a negative 0.63% yield, nearing an all-time record low interest rate for the bunds.
The Euro STOXX 50 Volatility index is trading near 26.84, up 15.5% from Thursday, and edging closer to levels indicating volatility ahead for European stock markets.
Copyright © 2020 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.