European stocks were little changed on Friday and looked set to end the week flat, while Wall Street futures traded steady after the U.S. Federal Reserve’s quarter-point rate cut lifted U.S. equities to record highs.

The Fed, Norway, and Canada all cut rates this week, but the Fed signaled a cautious, data-dependent approach to further easing, disappointing some investors who had hoped for a rapid cycle of cuts.

At 1111 GMT, the MSCI World Equity Index slipped 0.1% but remained on track for a 0.6% weekly gain. The STOXX 600 was flat, London’s FTSE 100 rose 0.1%, and U.S. futures pointed to a steady open.

Currencies were mixed: the dollar index edged up 0.3%, sterling fell 0.5% after weak UK fiscal data, and the yen briefly strengthened. Bond yields climbed, with Germany’s 10-year at 2.74% and the U.S. 10-year at 4.13%.

Oil prices eased on demand concerns, while gold rose 0.2% to $3,651, heading for a fifth straight weekly gain.