European Stocks Set for Higher Open
European equity markets were poised to open higher on Friday as the recent selloff in global technology stocks subsided, while investors continued to evaluate the outlook for the artificial intelligence sector. Market sentiment also improved after Federal Reserve Chair Kevin Warsh refrained from signaling an imminent interest rate hike despite hotter-than-expected US inflation data. In Europe, investors will focus on final September inflation figures for the Eurozone and Italy, alongside August trade data for the Eurozone. Automakers may also attract attention following reports that the European Union is considering a new trade instrument to counter economic pressure from China, supplementing existing tariffs and trade restrictions. In premarket trading, Euro Stoxx 50 futures rose 0.7%, while Stoxx 600 futures advanced 0.4%.
European equity markets were poised to open higher on Friday as the recent selloff in global technology stocks subsided, while investors continued to evaluate the outlook for the artificial intelligence sector. Market sentiment also improved after Federal Reserve Chair Kevin Warsh refrained from signaling an imminent interest rate hike despite hotter-than-expected US inflation data. In Europe, investors will focus on final September inflation figures for the Eurozone and Italy, alongside August trade data for the Eurozone.
Automakers may also attract attention following reports that the European Union is considering a new trade instrument to counter economic pressure from China, supplementing existing tariffs and trade restrictions. In premarket trading, Euro Stoxx 50 futures rose 0.7%, while Stoxx 600 futures advanced 0.4%.