FX.co ★ European Markets Set for Muted Open

European equity markets anticipated a stable opening on Wednesday following new record highs achieved in the previous session. However, the recent rally appears to be losing its momentum. Investors are also analyzing US inflation data, which met expectations and did not significantly alter projections for Federal Reserve policy. Energy stocks might gain support from strengthening oil prices, influenced by escalating tensions in Iran and the potential for US intervention. With no significant economic data releases or corporate earnings reports scheduled in Europe, trading conditions are expected to remain calm. In premarket movements, Euro Stoxx 50 and Stoxx 600 futures were trading flat.