FX.co ★ European Markets Set for Lower Open

European equity markets were poised to open lower on Monday, marking the start of the final month's trading for the year, after experiencing a turbulent November. Investors are eagerly anticipating fresh catalysts, with upcoming U.S. economic data and pivotal developments concerning the Federal Reserve's leadership reshuffle expected to dominate market focus. Market participants now largely anticipate that the Federal Reserve will lower interest rates during its December meeting. Additionally, there is keen attention on the ongoing efforts toward a potential peace agreement in Ukraine, as U.S. Special Envoy Steve Witkoff is slated to visit Moscow to meet with President Vladimir Putin and other Kremlin officials. This visit occurs in the wake of Ukraine's preliminary approval of a U.S.-endorsed 19-point plan, a modification of an earlier 28-point proposal deemed to be more advantageous to Russia. The European market witnesses no significant earnings or data releases on Monday. In premarket trading, futures for both the Euro Stoxx 50 and Stoxx 600 indices were down by 0.3%.