European markets are set to open lower on Friday as investors pause for breath after an overall positive week for stocks so far.
London's FTSE 100 is called to open down 19 points at 5,952, the French CAC 40 is seen 14 points lower at 4,225, while the German DAX is expected to be 19 points lower at 9,444 at the open.
The negative opening call comes after markets closed lower on Wall Street overnight and Asian shares came under pressure on Friday.
Oil prices were all trading lower after data on Thursday showed U.S. crude inventories rose by 2.1 million barrels last week, to a record high of 504.1 million barrels, according to the Energy Information Administration. Brent crude futures were nearly 1 percent lower.
On the earnings front, German insurer Allianz said operating profit for 2015 rose 3.2 percent, near the upper end of its target range for the year.
In other corporate news, Barclays is expected to tell staff on Friday that Tom King will step down as head of its investment bank, Reuters reported.
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