LIVE MARKETS-Europe before the bell: futures mixed, markets set for weekly rise

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EUROPE BEFORE THE BELL: FUTURES MIXED, MARKETS SET FOR WEEKLY RISE

European equity futures are mixed on Friday, but major bourses are still heading for a strong weekly rise on growing expectations of a ceasefire in Ukraine and as U.S. President Trump's tariff plans offered hopes of a reprieve.

Trump announced plans for reciprocal tariffs on America's trading partners but markets breathed a sigh of relief as they won't come into effect until April at the earliest, signalling room for negotiation.

Euro STOXX 50 futures STXEc1 are little changed, with the index still up over 3% this week.

Futures on the DAX FDXc1 are down 0.4%, while FTSE 100 FFIc1 futures are up 0.1%.

French CAC 40 futures FCEc1 are also flat, recovering some of the earlier losses after Hermes HRMS.PA results.

The luxury retailer reported an 18% rise in fourth quarter sales, beating expectations for a 10% rise. The strong revenue figure adds to the growing list of companies beating sales expectations at the end of last year, after Burberry, Richemont and LVMH did the same.

(Samuel Indyk)

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