FX.co ★ European Markets Set for Higher Open

European equity markets were poised to open slightly higher on Wednesday, after weaker-than-expected US retail sales data bolstered expectations of Federal Reserve interest rate cuts later this year. Investor attention now shifts to the delayed US jobs report due later in the session, followed by US consumer inflation data on Friday. In Europe, markets will be watching Italian industrial production and Turkish retail sales figures. Traders will also be assessing a busy round of corporate earnings from major companies, including TotalEnergies, Siemens Energy, Commerzbank, Heineken, and Dassault Systèmes. In premarket trading, futures on both the Euro Stoxx 50 and the Stoxx 600 were up about 0.1%.