European Shares Set To Extend Losses Amid AI Worries, Mideast Tensions

European stocks are seen opening lower on Friday after U.S. tech shares sold off overnight on concerns over the faltering global AI trade.

U.S. equity futures ticked lower due to energy-driven inflation concerns from Middle East tensions ahead of flash manufacturing and service PMI readings and the final reading of the University of Michigan’s consumer sentiment report, due later in the day.

Investors also await cues from a slew of central bank meetings, including the U.S. Federal Reserve, the European Central Bank and the Bank of Japan, due next week.