European equity markets were set to open higher on Friday, extending this week’s gains on the back of strong corporate earnings and renewed hopes for progress in resolving the Ukraine–Russia conflict.

Investors also weighed shifting global trade dynamics after President Donald Trump’s sweeping retaliatory tariffs took effect on Thursday, imposing levies ranging from 10% to 41%.

Friday’s session is expected to be quiet on the regional data and earnings front, though markets will watch French unemployment figures and results from Munich RE. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both up about 0.2%.