FX.co ★ European Stocks Set for Muted Open

European equity markets were poised for a muted open on Thursday as global risk appetite softened, following a technology-led selloff driven by doubts over the durability of the AI-fueled rally. Investors were also looking ahead to a key US employment report for further insight into the Federal Reserve’s policy path, after Chair Kevin Warsh indicated that inflation expectations had eased over the past month. At the same time, increased oil shipments through the Strait of Hormuz and signs of progress in indirect US-Iran negotiations helped relieve pressure on oil-importing economies worldwide. In Europe, market participants were set to track labor market data from Spain and Italy, as well as France’s latest budget balance figures, with no major corporate earnings releases on the agenda. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures traded flat to slightly lower.