FX.co ★ European Stocks Set for Muted Open

European equity markets were set to open slightly lower on Friday, relinquishing some of the gains from the previous session. This movement comes as investors continue to evaluate changes in geopolitical dynamics involving the United States. Initially, President Donald Trump threatened several European nations that opposed his proposal to acquire Greenland with new tariffs. However, he later shifted his stance after reaching a preliminary agreement with NATO on a potential future deal. Additionally, reports suggest that European investors are becoming more cautious about the risks of holding US assets amid increased geopolitical tension. On the economic data front, focus will be on UK retail sales, French business confidence, and flash PMI readings across the region. There are no major corporate earnings reports scheduled. In premarket trading, futures for the Euro Stoxx 50 and Stoxx 600 indicated a decline of approximately 0.1%.