FX.co ★ European Markets Poised for Higher Open

European stocks looked set to open on a positive note on Wednesday, buoyed by an uplift in global sentiment following the latest US inflation data. This data has strengthened the anticipation of a Federal Reserve interest rate cut in September. The optimistic outlook pushed the S&P 500 and Nasdaq Composite, alongside key Japanese indices, to new record levels. In Europe, investors will be focusing on the final July inflation figures from Germany and Spain. On the corporate earnings front, reports are expected from companies such as E.ON, Brenntag, and Beazley. In premarket activity, futures for the Euro Stoxx 50 increased by 0.3%, while futures for the Stoxx 600 rose by 0.4%.