FX.co ★ European Markets Head for Higher Open

European equity markets were set to rise on Friday, buoyed by the recent US Federal Reserve rate cut and a more dovish outlook than anticipated, which has bolstered global risk appetite. On Thursday, global indices briefly slipped following a disappointing earnings report from Oracle, which reignited worries regarding the profitability of investments in artificial intelligence. In Europe, investors were gearing up for significant economic reports, including the final inflation figures for November from Germany, France, and Spain, along with the UK’s GDP data for October. No major corporate earnings are expected on Friday. In premarket activity, Euro Stoxx 50 futures increased by 0.6%, while Stoxx 600 futures climbed 0.4%.