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European equities were set to dip on Friday, trimming some of the previous session's rebound as a grim outlook by U.S. bellwether Chevron reignited concerns over company profits.
Financial spreadbetters expected Britain's FTSE 100 to open 13 to 14 points lower, Germany's DAX to open down 12 to up 4 points, and France's CAC-40 to open 8 to 12 points lower.
Late on Thursday, Chevron [CVX
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] warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar, sending its shares down 1.8 percent in extended trading.
European stocks gained 0.8 percent on Thursday, halting a five-session losing streak, after reassuring results from U.S. aluminum major Alcoa [AA
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] boosted mining shares.
The FTSEurofirst 300 index of top European shares is on track to record a loss of 2.3 percent on the week, the index's fourth consecutive week of losses.
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Data is a real-time snapshot *Data is delayed at least 15 minutes