European stocks are expected to open lower amid fading hopes of a peace agreement between Russia and Ukraine. U.S. President Donald Trump expressed unhappiness over the recent attack in Kyiv. The EU plans to remove tariffs on U.S. industrial goods and provide preferential treatment on some agricultural products. U.S. PCE inflation data is due today, with Fed Governor Waller calling for a rate cut. The dollar is down 2% against a basket of currencies. Gold is up on rate-cut hopes, while oil dipped. U.S. stocks rose on strong GDP data and earnings from Nvidia. Jobless claims fell, with the S&P 500 hitting a new record high.

In Europe, stocks closed mixed on Thursday, with the STOXX 600 slipping 0.2%. The DAX and FTSE 100 saw marginal losses, while the CAC 40 edged up slightly.

Read more at Nasdaq: European Shares Seen Mostly Lower Before US Inflation Data