European stock markets closed higher this week amid easing trade tensions and optimism over upcoming corporate earnings reports. The Ibex 35 index in Spain rose by approximately 3.4%, regaining levels seen before the imposition of reciprocal tariffs by the Trump administration. Investors are also encouraged by increased expectations that the Federal Reserve may cut interest rates, which has supported gains in Wall Street and Asian markets. Key companies such as Mapfre contributed to the Ibex 35's advance. The euro weakened against the dollar, which is set to close its first weekly gain in a month. Overall, European futures opened positively, with gains around 0.5% to 0.6%, reflecting cautious but optimistic sentiment as markets monitor trade negotiations and corporate earnings.