FX.co ★ European Markets Set to Open Higher

European equity markets appeared poised for a positive opening on Thursday, following a relatively subdued trading session. Investors remain attentive to economic and trade developments as they anticipate a new wave of corporate earnings reports. Market sentiment received a boost as concerns eased over the stability of the Federal Reserve Chair’s position, alongside China’s pledge to normalize relations with the European Union in advance of a China-EU leaders’ summit scheduled for later this month. However, some uncertainty persists due to the recent US announcement regarding a 30% tariff on EU imports starting August 1. On the corporate earnings front, reports are anticipated from companies including ABB, Novartis, Investor AB, Volvo, Assa Abloy, SSE, Swedbank, TSMC, Publicis, and EasyJet. Moreover, investors are also paying close attention to the latest UK employment data. In premarket trading, futures for the Euro Stoxx 50 and Stoxx 600 indices both rose by 0.8%.