European stock futures saw modest gains on Friday, reflecting a more cautious market sentiment following a decline on Wall Street the previous day.
Eurostoxx 50 futures were up by 0.1%, while Germany’s DAX futures also gained 0.1%. The UK’s FTSE futures showed a stronger performance, rising 0.6%, as UK stocks appeared set to open higher. This optimism came amid a weaker pound, driven by a disappointing retail sales report, which increased expectations for a potential rate cut by the Bank of England next month.
In contrast, overall equity sentiment remained subdued, with S&P 500 futures inching up by only 0.1%. This follows a downturn in U.S. markets on Thursday, where technology shares led the selloff. Investors are navigating a period of uncertainty as market dynamics shift.
