FX.co ★ European Stocks Head for Higher Open

European equity markets were set to open higher on Wednesday, extending this week’s rally amid renewed enthusiasm for artificial intelligence–related stocks, following an upbeat outlook from AI computing provider CoreWeave and ahead of Anthropic PBC’s IPO. Gains, however, were capped by stronger-than-expected US inflation data and hawkish remarks from Federal Reserve officials, which reinforced expectations of further interest rate hikes. In Europe, attention will turn to Germany’s final October inflation figures, as well as Turkish retail sales and Italian industrial production data. On the corporate side, investors will scrutinize earnings from Siemens Energy, E.ON, RWE, Swiss Life Holding and Poste Italiane, among others. In premarket trading, futures on both the Euro Stoxx 50 and the Stoxx 600 were up about 0.6%.