FX.co ★ European Stocks Set to Open Higher

European equity markets were set to open on a positive note on Thursday following the US Federal Reserve's decision to implement a quarter-point rate cut, with indications of two additional reductions anticipated this year. Notably, the Fed projected only a single cut in 2026, defying market expectations for possibly two or three cuts in the coming year. Meanwhile, in Europe, the Bank of England is scheduled to announce its policy decision later today, with interest rates expected to remain steady at 4% due to the continued upward trend in UK inflation in recent months. In premarket activity, Euro Stoxx 50 futures experienced a 0.3% increase, while Stoxx 600 futures observed a 0.2% rise.