FX.co ★ European Markets Set to Open Lower

European stocks were set to dip slightly on Thursday, mirroring Wall Street’s downturn amid growing concerns about overvalued stocks and the sustainability of the AI market surge. Market sentiment remained cautious due to uncertainty over the trajectory of future interest rate cuts by the US Federal Reserve. Additionally, rebalancing of portfolios at the end of the month and quarter contributed to the restrained market mood. In Europe, investors will be closely watching Germany’s GfK consumer confidence survey for October, as well as data on Eurozone car registrations and lending figures. In early trade, futures for the Euro Stoxx 50 and Stoxx 600 declined approximately 0.1%.