FX.co ★ European Markets Set for Lower Open

European equity markets were set to open lower on Tuesday as the global rally in stocks—fueled by renewed optimism for an imminent reduction in US interest rates—began to show signs of waning in the region. Federal Reserve Governor Christopher Waller expressed his backing for a rate cut in December, citing emerging risks within the labor market. His remarks aligned with those from the President of the San Francisco Fed, Mary Daly, and the President of the New York Fed, John Williams. European investors will be evaluating Germany's third-quarter GDP figures and consumer confidence data from France, alongside earnings reports from UK-based airline EasyJet. In pre-market dealings, Euro Stoxx 50 futures fell by 0.15%, and Stoxx 600 futures declined by 0.3%.