European markets opened lower Friday ahead of a long weekend for much of the region, following Asian bourses lower.
The market-friendly result of the first round of elections in France helped the region start the week strongly, but stocks have given back some of their gains as the week comes to an end.
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The Stoxx Europe 600 index was down 0.13% in morning trading.
U.S. equity futures dipped slightly, with the S&P 500 down 0.07% ahead of the opening bell, and Dow Jones Industrial Average futures down 0.1%.
Despite the cooling in markets toward the end of the week, European equity funds recorded their strongest inflows in more than a year, according to EPFR Global data.
In the week to April 26, $2.4 billion entered European equity funds, which included the jump in equity prices--particularly in the banking sector--that came after the first round of the French presidential election. Those net flows are the strongest into European equities since December 2015.
Bank of America Merrill Lynch analysts see continued gains for European equities in the next year, expecting the Stoxx Europe 600 index to rise to 420 from 387 currently, a gain of around 8.5%, on improved earnings.
In foreign exchange markets, the euro picked up 0.12% to $1.088, after falling Thursday on European Central Bank President Mario Draghi's insistence that the era of easy monetary policy isn't over in Europe.
"There is clearly a risk that we could stand at the June meeting with an ECB that changes its forward guidance in a more hawkish direction provided the cyclical situation looks good," said Pernille Bomholdt Henneberg, chief analyst at Danske Bank.
In Asia, Japan's Nikkei 225 index closed down 0.29%. Hong Kong's Hang Seng Index fell 0.44%. China's Shenzhen A-share index bucked the trend, rising 0.36%.
South Korea's Kospi closed 0.18% lower after President Donald Trump said he wanted to renegotiate a trade deal with the country, in an interview with Reuters.
Mr. Trump also said a major conflict over North Korea's nuclear ambition is possible.
"The fact there's potential for a showdown with North Korea, that's always going to worry investors in Japan," said Andrew Sullivan, managing director of sales trading at Haitong International Securities. "You [might] get the North Koreans put into a corner and they feel they just have to do something...One risks pushing them too far."
In the tech sphere, shares of Japan's Nintendo gained 2.1% after it reported better-than-expected fiscal-year results. The company recorded a net profit of Yen102.6 billion ($920 million) for the year ended in March, beating street forecasts of Yen93.6 billion.
In the U.S., the S&P 500 and the Dow Jones Industrial Average rose less than 0.1% Thursday while the Nasdaq Composite gained 0.4%, hitting a fresh closing high.
Kosaku Narioka and Hiroyuki Kachi and
contributed to this article.
Write to Mike Bird at Mike.Bird@wsj.com and Ese Erheriene at email@example.com
(END) Dow Jones Newswires
April 28, 2017 04:57 ET (08:57 GMT)