Global stock markets surged following reports of easing U.S. inflation, bolstering hopes for Federal Reserve interest rate cuts. Strong earnings from key corporations such as Richemont and Taiwan Semiconductor further fueled the rally.

Luxury sector bellwether Richemont jumped 16% after reporting a better-than-expected 10% increase in fiscal third-quarter sales, while France's LVMH, Kering and Christian Dior all rising. Retailers Moncler, Burberry, Swatch and Hermes also crowded around the top of the Stoxx index.

European stocks rose to the highest level in over a month on Thursday, lifted by the luxury and technology sectors as a double-digit jump in Richemont’s sales and an upbeat outlook by Taiwan Semiconductor Manufacturing Co.

Wall Street equities finished lower Thursday following a mixed US retail sales report, while European luxury stocks pushed higher following strong results from Cartier owner Richemont. The Paris stock market surged more than two percent after Cartier owner Richemont reported record quarterly sales.

European stocks extended gains on Friday, after having hit their highest level in a month the previous day on the back of strong

- Canada's response to US trade policies includes C$150B in retaliatory tariffs, escalating tensions. Simultaneously, there's discussion in the US about safeguarding TikTok's presence in the country, with new developments expected post-Trump's inauguration.

Britain's FTSE 100 reached an eight-month high with support from positive earnings reports and signs of easing inflation. This buoyancy has fueled optimism around potential rate cuts by central banks like the BoE and the Federal Reserve.

Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.

European stock markets continued their climb, with the DAX repeatedly reaching new highs this week. Performance was driven by expectations of loosening monetary policy and strong corporate quarterly earnings.

The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change

The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move back to the upside after