FX.co ★ European Markets Set for Higher Open

European equity markets were set to open higher on Thursday, marking the fourth consecutive session of gains, as expectations grew for more significant rate cuts from the US Federal Reserve. The probability of a 25 basis point reduction in rates by December has surged to approximately 85%, up from about 30% the previous week, with an additional three cuts projected by the end of 2026. In Europe, investors will closely examine a range of economic data, including consumer and business confidence surveys across the region, as well as Eurozone consumer inflation expectations and lending activity statistics. In premarket trading, both Euro Stoxx 50 and Stoxx 600 futures saw an increase of around 0.1%.