European Shares Set to Open Lower as Global Tech Rout Deepens; FTSE 100 May Buck Trend on Oil

European stocks are seen opening broadly lower on Friday as a global technology sell-off deepened, though the commodity-heavy FTSE 100 may rise at the open as oil prices climbed on reports of possible U.S. military action against Iran. U.S. stock futures pointed lower, with Nasdaq 100 futures falling nearly 2 percent on worries over a slowing artificial intelligence trade. Amazon's quarterly results missed analyst expectations on profit and total revenue, and Intel warned it would burn cash this year amid a faltering PC market. Alphabet's revenue miss and negative free cash flow weighed on U.S. stocks overnight, with the Nasdaq Composite tumbling 1.4 percent. Risk sentiment was further dented as Binance, the world's largest crypto exchange, froze digital assets worth about $3 billion while investigating a "potential security issue." Brent crude rose about 1 percent toward $112 a barrel. The yen extended gains after the Bank of Japan held rates but revised up its inflation forecast. European stocks closed at a seven-week high Thursday, with the STOXX 600 up 0.8 percent.