European stock markets opened higher on Friday morning following the passing of a bill in the US to raise the debt ceiling and cap government spending for two years. The Stoxx 600 index is currently trading 1% up, with mining stocks up 2.6% and oil and gas climbing 1.3% ahead of the June 4 OPEC+ meeting. The focus now turns to the outlook for the US economy, recession risk, and whether the Federal Reserve will raise, pause or cut interest rates. Meanwhile, European Central Bank President Christine Lagarde has hinted at further rate hikes, but economists say the outlook for July and September is uncertain.