FX.co ★ European Stocks Set for Higher Open

European equity markets were anticipated to open on a positive note Wednesday, buoyed by a surge in global technology stocks in anticipation of significant earnings reports from major US tech firms and the latest decision on monetary policy from the Federal Reserve. Investors are also keeping a close eye on currency markets, as the dollar experienced a significant drop, reaching its lowest point in four years, following US President Donald Trump's expression of comfort with its recent decline. In Europe, the focus will shift to economic indicators, including the German consumer confidence index for February and both consumer and business confidence metrics from Italy for January. Regional equities saw gains on Tuesday, driven by investor optimism regarding the EU-India trade agreement. In premarket activity, futures for the Euro Stoxx 50 and Stoxx 600 saw increases of 0.5% and 0.4%, respectively.