European markets are expected to open on Friday on a cautious note as market's focus on the health of the corporate sector. Geopolitical tensions in the Middle East as well as election uncertainty in the U.S. are also expected to weigh on market sentiment.
Wall Street had closed on a mixed note on Thursday, amidst the latest earnings updates, mixed economic data and an easing in treasury yields. While the Fed's Beige book painted a weak economic picture, Thursday's weekly data showed an unexpected decline in initial jobless claims. Nasdaq Composite added 0.76 percent to close trading at 18,415.49 whereas the Dow Jones Industrial Average shed 0.33 percent to finish trading at 42,374.36.
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