FX.co ★ European Markets Set for Positive Open

European equity markets were set to open slightly higher on Monday, as risk appetite steadied following a volatile week marked by worries that artificial intelligence could disrupt specific industries. Globally, trading volumes are expected to remain light, with markets in the US, China, and several other Asian economies closed for holidays.

Softer-than-anticipated US inflation data have strengthened expectations that the Federal Reserve will cut interest rates later this year, providing additional support for equities. Within Europe, investors will focus on Eurozone industrial production data and a Eurogroup meeting for broader policy cues. There are no major corporate earnings scheduled for release in Europe on Monday. In premarket trading, futures on both the Euro Stoxx 50 and the Stoxx 600 were up about 0.1%.