FX.co ★ European Markets Set for Higher Open

European equity markets are poised for a positive start on Thursday, powered by robust overnight performances in U.S. and Asian markets, where technology stocks spearheaded the recovery. The momentum was fueled by reports that the U.S. has lifted export restrictions on chip design software to China, as part of a wider trade agreement that stresses renewed cooperation on rare earth elements and advanced technologies. Investors are also keenly anticipating the upcoming U.S. jobs report, which could influence projections for the Federal Reserve’s subsequent rate decision. A weaker-than-anticipated report might bolster expectations for a potential rate cut as soon as July. In Europe, attention will focus on new business activity data from Spain and Italy. During premarket trading, both Euro Stoxx 50 and Stoxx 600 futures rose by approximately 0.2%.