(RTTNews) - Shares across Europe are projected to begin the session mostly down on Friday, following the fade of an artificial intelligence-fueled surge from earlier in the week and persistent tensions in the U.S.-Iran-Israel situation even after truce efforts and talks.

U.S. equity index futures pointed lower ahead of the nonfarm payrolls report due later, which is anticipated to reflect some easing in job growth for May after two consecutive months of robust increases.

In Europe, GDP figures and employment statistics could draw focus later in the session. Asian markets traded mostly weaker, led lower by South Korea and Japan amid heavy selling in leading technology names.

On the geopolitical side, Israeli strikes persisted across Lebanon despite a U.S.-backed ceasefire between Israel and Lebanon.

The Lebanese armed group Hezbollah firmly dismissed the ceasefire conditions and indicated it would not pull back forces from the area, casting doubt on the truce's prospects.

Iranian Foreign Minister Abbas Araghchi stated Thursday that Iran and Oman will together oversee the Strait of Hormuz according to international regulations.

The dollar held steady and appeared headed for a modest weekly advance, while gold remained under $4,450 amid concerns over potential Fed rate increases.

Brent crude futures stayed on course for a weekly gain even after dropping nearly 3 percent in the prior session.

U.S. stocks finished mostly higher overnight as energy prices declined on optimism for a Middle East conflict resolution, offsetting Broadcom's weak revenue outlook and data showing weekly jobless claims rising to a four-month peak.

The Dow surged 1.7 percent to a fresh record closing high, the S&P 500 rose 0.4 percent, and the tech-focused Nasdaq Composite slipped 0.1 percent.

European equities advanced on Thursday after a U.S.-mediated ceasefire deal between Israel and the Lebanese government lifted hopes for wider de-escalation in the U.S.-Israeli tensions with Iran.

The pan-European STOXX 600 climbed half a percent. The German DAX increased 0.6 percent, France's CAC 40 jumped 1.2 percent, and the U.K.'s FTSE 100 ticked up 0.3 percent.

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