FX.co ★ European Stocks Poised for Cautious Open

European stock markets were poised for a subdued start on Wednesday as investors considered the ongoing political uncertainty in France following the surprising resignation of Prime Minister Sebastien Lecornu. French financial stocks have been driving the decline this week, with BNP Paribas falling by 4.3%, AXA decreasing by 3.1%, and Societe Generale dropping by 6%. The spotlight now shifts to Germany's upcoming industrial production data for fresh insights into the region's economic prospects. Investor sentiment was further dampened by declines in US markets on Tuesday, sparked by a significant drop in Oracle shares that renewed doubts about the longevity of the artificial intelligence market rally, compounded by the continued US government shutdown, now extending into its second week. In early trading, Euro Stoxx 50 futures remained unchanged, while Stoxx 600 futures edged up by 0.1%.