European markets expected to open with mixed results due to AI valuation worries
European Market Reactions: European markets are expected to open mixed, with the U.K.'s FTSE 100 slightly lower and France's CAC and Italy's FTSE MIB showing minor gains, following a decline in European stocks on Thursday after a busy earnings day.
Diageo's Stock Movement: Diageo's stock fell 6.5% after the company cut its full-year guidance due to weak performance in the Chinese and U.S. markets.
Upcoming Earnings Reports: Several companies, including Richemont and Daimler Truck, are set to report earnings on Friday, while investors will also focus on key economic data from Germany and France, as well as the U.K.'s House Price Index.
Central Bank Insights: Bank of England Governor Andrew Bailey indicated that rate cuts are anticipated, with economists predicting a pre-Christmas rate cut, as the central bank maintains a steady interest rate policy.
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