European stocks mixed; Credit Suisse's Tidjane Thiam announces resignation

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European stocks mixed; Credit Suisse's Tidjane Thiam announces resignation
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European markets are set to open mixed Friday morning, as investors monitor the latest coronavirus developments and breaking news on the corporate front.

Investors remain attentive to the economic developments of the coronavirus outbreak. S&P Global Ratings said in a report Friday that it lowered its growth forecasts for China for 2020 to 5% from 5.7% prior to the outbreak.

on the phone Friday morning, Beijing time. A spokesperson for the White House said that "President Trump expressed confidence in China's strength and resilience in confronting the challenge of the 2019 novel coronavirus outbreak."

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