European markets see smaller losses after Wall Street slump

European stock markets saw continued but smaller losses on Friday morning, with the EuroStoxx 50 down 1.5 percent and the AEX index falling nearly 1.4 percent, while US futures pointed to a slight recovery ahead of the New York opening. The declines follow Thursday's worst Wall Street session since "Liberation Day" 18 months ago, driven by investor fears that the Democratic election victory will restrict tech growth through data center limitations. However, European technology stocks rebounded, with ASML rising 3.3 percent, while Asian markets suffered heavy losses, with Japan's Nikkei and South Korea's Kospi both dropping 6 percent. US futures showed modest gains, with the S&P500 up 0.2 percent and the Nasdaq100 rising 1.3 percent, while Nvidia futures climbed 4.3 percent. Despite recent volatility, all major indices remain higher than at the start of the year, with the EuroStoxx50 still up 6 percent.