European stocks are seen opening on a firm note Friday as investors react to dovish remarks from Federal Reserve Governor Christopher

European stocks extended gains on Friday, after having hit their highest level in a month the previous day on the back of strong

The British 10-year gilt yield retreated for the second day, letting the British government breath a sigh of relief – especially after yesterday’s GDP data showed that the UK economy hasn’t expanded – at all – under the new Labour government.

Luxury stocks in Europe surged on Richemont's record sales, while Nvidia and the Magnificent 7 faltered on chip curb concerns. With banks outperforming and yields stabilizing, the stage is set for continued rotation toward lower-valuation sectors.