European Markets Are Up After Bullish Stress Tests

European markets are up early Friday after mostly unsurprising stress test results from the European Central Bank.

Here's the scorecard, so far:

France's CAC 40 is up 0.26%

Spain's IBEX is up 0.09%

Italy's FTSE MIBis down 0.22%

Britain's FTSE 100is up 0.28%

Germany's DAX is up 0.51%

Asian markets closed mixed. The Nikkei closed up 0.63%. The Hang Seng closed down 0.68%.

US futures are mixed. The Dow is up 14 points and the S&P is down .30 points.

At 5 a.m. ET, the Ifo institute's measure of German business confidence is out. Analysts are expecting a slight drop from September's figure.

Later, from the US, at 9:45 a.m ET Markit's services PMI is out, with analysts expecting a reading of 58. That's slightly down from last month but still way above the neutral 50 level. September's figures for pending home sales will be out at 10 a.m. ET.