FX.co ★ European Markets Set for Muted Open

European equities were set for a steady opening on Friday, following the strong gains achieved in the previous session, driven by a surge in technology stocks. Investors continued to assess the global interest rate outlook after the US Federal Reserve implemented the widely anticipated quarter-point cut and indicated there could be further reductions later this year. Meanwhile, the Bank of England maintained its current policy as expected but decelerated the pace of quantitative tightening to alleviate pressure on long-term credit. Attention now shifts to the release of new UK retail sales data and German producer inflation figures. Early trading in Euro Stoxx 50 and Stoxx 600 futures showed little movement.