European equity markets closed at an all-time high on Friday, with the Stoxx 600 index rising 0.7% to cap its best weekly performance since May.
The rally was broad-based, fueled by a resurgence in risk appetite as investor anxiety surrounding the artificial intelligence trade subsided.
2%, signaling continued strength in global technology stocks.
The positive sentiment extended to US markets, where Nasdaq 100 futures rebounded 1.2%, signaling continued strength in global technology stocks.
The shift in market dynamics coincided with a decline in the US dollar, which touched a two-week low, providing a tailwind for European exporters and commodities.
Gold prices extended their gains during the session, benefiting from the weaker greenback and the broader flight to quality assets.
The precious metal's rise underscores the diversification of capital flows as investors balance growth-oriented tech equities with safe-haven assets.