FX.co ★ European Markets Set for Cautiously Higher Open

European equity markets were set for a modest increase at the opening on Friday, as investors aimed to conclude a turbulent week marked by tariff-related disruptions. The European Union has decided to delay its planned countermeasures against US tariffs for 90 days, aligning with the United States' temporary suspension to allow space for negotiations. Despite this, caution remained as the US increased tariffs on Chinese goods to a total of 145%, fueling concerns of an extended trade conflict and impacting market sentiment. The uncertainties surrounding global trade negotiations continued to obscure the economic outlook. In premarket trading, Euro Stoxx 50 futures rose by 0.6%, while Stoxx 600 futures increased by 0.3%.