FX.co ★ European Markets Set for Higher Open

European equity markets were set to open higher on Wednesday, continuing a rally that has pushed stocks to record levels. This surge was fueled by optimism about a potential resolution to the US government shutdown, which in turn bolstered global market sentiment. Additionally, indications of a cooling US labor market have heightened expectations for the Federal Reserve to implement a rate cut in December. Investors in the European markets will be closely watching Germany’s finalized inflation data for October, alongside Italy’s industrial production numbers for September. On the corporate front, major firms such as ABN Amro, Bayer, E.ON, Infineon Technologies, and Swiss Life are scheduled to release their earnings reports. In premarket trading, futures for the Euro Stoxx 50 and Stoxx 600 have increased by 0.3% and 0.2%, respectively.