European markets are expected to open mixed on Friday, as investors await corporate results and react to quarter-point interest rate cuts from the U.S. Federal Reserve and the Bank of England.
The U.K.'s FTSE 100 is set to open 23 points higher at 8,166, Germany's DAX is up 45 points at 19,412, France's CAC is up 21 points at 7,445 and Italy's FTSE MIB is down 13 points at 33,689, according to data from IG.
This comes as market participants continue to weigh political turmoil in Germany and Donald Trump's historic presidential election victory this week.
Germany's DAX closed the previous session up 1.7% after Chancellor Olaf Scholz fired Finance Minister Christian Linder late Wednesday and named his replacement on Thursday.
The move, which dramatically ended the country's three-way coalition government, raises the possibility of a no-confidence vote and new elections. Scholz has said he does not want to hold a no-confidence vote before mid-January.
Elsewhere, Asia-Pacific markets were mixed on Friday, with investors closely watching the final day of China's National People's Congress, which is expected to announce fiscal stimulus measures.
On Wall Street, U.S. stock futures edged higher after the S&P 500 and Nasdaq Composite hit fresh records in a post-election rally.
Source: CNBC
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