European equity markets are set for a positive open on Friday after three consecutive days of heavy selling, as sentiment is starting to stabilize. Investors continue to assess the region's economic outlook and monetary policy. Earlier this week, stocks faced pressure from disappointing earnings reports from major U.S. tech companies, which negatively impacted market sentiment.
In addition, investors are preparing for the upcoming U.S. presidential election and the Federal Reserve's latest decision next week. On a more concerning note, data released on Thursday showed that inflation in the Euro Area rose more than expected to 2%, complicating the prospects for further ECB interest rate cuts. In pre-market trading, futures on the Euro Stoxx 50 and Stoxx 600 indices rose 0.1% and 0.15%, respectively.
Source: Trading Economics
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