European markets set for mixed open after Wall Street snaps three-day losing streak

Major economies in the region could start "decoupling" from a global tightening cycle led by the Fed due to different macroeconomic conditions in Asia,"Our view of Asian central banks cutting policy rates ahead of the Fed in this cycle is based on the fundamental divergences between Asian and U.S. economies," Nomura economists wrote in a Friday note.

According to a real-time survey conducted by Nomura's research team, more than 32% of respondents said they expect South Korea's central bank to be the first to cut rates after China, followed by Indonesia, the Philippines, then India.China will extend two financial policies supporting its real estate market to the end of 2024.

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