FX.co ★ European Markets Head for Higher Open

European markets were poised for a positive opening on Wednesday. This comes as dovish remarks from Federal Reserve Chair Powell bolstered anticipations for additional US interest rate reductions, helping to counterbalance worries about escalating US-China trade tensions. Across the Atlantic, French Prime Minister Sebastien Lecornu announced a delay of the significant pension reform until post-2027 elections, providing some relief to the political landscape. Meanwhile, investors are keeping a keen eye on August's industrial production figures from the Eurozone, as well as the final inflation statistics for September from France and Spain. On the business front, ASML reported mixed results for the third quarter and sought to reassure investors about its growth prospects through 2026, despite softer demand from China. In pre-market activity, Euro Stoxx 50 futures climbed 1.4%, while Stoxx 600 futures rose by 1%.