European markets set to open mixed amid AI valuation concerns

Market Overview - European markets are expected to open mixed, with the U.K.'s FTSE 100 set to open slightly lower, while France's CAC index and Italy's FTSE MIB are seen 0.1% higher, and Germany's DAX index is little changed from the previous session [1] - European stocks closed lower on Thursday, with most sectors and major bourses ending in negative territory after a busy earnings day [1] Company Performance - Diageo's stock fell 6.5% after the company cut its full-year guidance, citing weakness in the Chinese and U.S. markets [2] - Upcoming earnings reports include companies such as Richemont, International Consolidated Airlines Group SA, Daimler Truck Holding AG, Amadeus IT Group SA, Cellnex Telecom SA, and OTP Bank NYRT [2] Economic Data - Investors are focused on upcoming data releases, including import and export data in Germany, French trade figures, and the U.K.'s House Price Index [3] - Recent central bank decisions saw the Bank of England and Norway's central bank hold rates steady, with BOE Governor Andrew Bailey indicating that rate cuts are anticipated, with economists pricing in a pre-Christmas rate cut [3][4]