European equity markets were poised to open sharply lower on Friday, extending a global selloff driven by concerns over lofty valuations and the sustainability of artificial intelligence investments.
Commodities, risk-sensitive currencies and crypto assets also fell as widespread risk aversion gripped financial markets.
The delayed US jobs report released Thursday added little clarity on the rates outlook, with the Federal Reserve now widely expected to hold policy steady in December.
In Europe, investors looked ahead to flash PMI reports across the region, along with UK public sector borrowing and retail sales data and France’s business climate manufacturing survey.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both down more than 1%.