European markets are set to open higher on Friday, as U.S. President Donald Trump's tariff regime continues to be in focus.
Talks centered on a ceasefire deal for Ukraine also remain in focus for regional traders.
London's FTSE 100 is expected to open about 28 points higher at 8,567, according to IG, while Germany's DAX is set to rise 107 points to 22,639. France's CAC 40 is expected to open 26 points higher at 7,970, according to IG.
Earlier this week, the EU announced it would retaliate against Trump's 25% tariffs on steel and aluminum with retaliatory measures on 26 billion euros ($28 billion) worth of goods. The EU tariffs could target clothing, alcohol and industrial goods imported from the United States.
Trump immediately responded to the announcement with threats to impose further levies on EU goods, threatening on Thursday to slap 200% duties on champagne and spirits coming from the bloc.
The president's latest threats against the EU sent European stocks lower, with regional markets closing in negative territory on Thursday.
Corporate earnings will also be on investors' radar on Friday, with BMW, Daimler and Swiss Life set to update shareholders on their finances.
On the economic data front, the U.K. will release January gross domestic product figures, while inflation figures are due out of Germany, France and Spain.
Overnight in Asia, stocks were broadly higher, reversing course from the previous session, which saw a sell-off amid concerns about the impact of a global trade war.
On Wall Street, stock futures rose on Friday morning, after the benchmark S&P 500 index closed in correction territory on Thursday. (Newsmaker23)
Source: CNBC
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