Traders in London will wake up to the release of UK growth estimates for January due early in Europe's day. Expectations are for the economy to have grown 0.1% on a monthly basis, a slight slowdown from December's 0.4%.
It's worth noting that Britain's relatively measured approach to U.S. trade ructions and the largely balanced trade position between the two have benefited the pound, which was on track for a second straight weekly gain.
Over in the U.S., the University of Michigan Surveys of Consumers will be the key item to watch on Friday, given how U.S. President Donald Trump's tariff salvos are rattling businesses and consumers alike.
Meanwhile, Chinese equities have emerged as an unlikely sanctuary for global investors seeking shelter from all the uncertainty in the United States.
Hong Kong's Hang Seng Index is up 17% since Trump returned to the White House in January, compared with a drop of about 9% in the S&P 500.
Stocks in mainland China and Hong Kong surged again on Friday, led by consumer shares, after a northern Chinese city announced plans to boost birth rates. Investors are also awaiting a press conference next Monday by Chinese officials from the top planning agency and elsewhere for additional measures to enhance domestic consumption.