European Markets Set for Lower Open on Friday
European equity markets were set for a lower open on Friday, paring gains from the previous session as investors continued to assess the global economic outlook and the latest central bank policy decisions.
Global stock markets rallied this week as the Federal Reserve's outsized rate cut raised the likelihood of a soft landing. Meanwhile, central banks in the UK, China and Japan kept interest rates unchanged this week amid efforts to balance economic support with upside inflationary risks.
Investors will also assess a slew of economic reports in Europe on Friday including UK retail sales, German producer inflation and French business confidence data. Euro Stoxx 50 futures were down 0.3% in premarket trade.
Source : Trading Economics