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Luxury goods giant Richemont says its annual net profit has plunged by more than a third, to 1.3 billion euros.
The outlook for the eurozone is "brighter than for seven years", the European Central Bank president says.
The benchmark FTSE 100 index has risen 0.26 per cent at 7,031.72 points, boosted by gains to share prices of heavyweight minerss.
At the closing bell on Friday, the Dow Jones Industrial Average had dropped 53.72 points (0.29 per cent) to 18,232.02.
The US dollar has strengthened, while oil prices dropped after a two-day crude rally.
The US dollar added more than 1.5 cents against the euro after the US Commerce Department reported that core consumer prices jumped 0.3 per cent.
The Dow and S&P 500 notched record closes this week before retreating a bit, while the Nasdaq ended less than three points away from its all-time high.