European equity markets were poised to open lower on Wednesday as investors awaited a widely expected US Federal Reserve interest rate cut, while uncertainty over next year’s monetary path continued to weigh on sentiment.
In Europe, ECB official Isabel Schnabel expressed confidence in the region’s economic outlook and stated that she remains comfortable with the possibility of a rate hike.
Investors will also parse Italy’s October industrial production figures, with no major earnings releases scheduled for the day.
In premarket trading, Euro Stoxx 50 futures slipped 0.2% and Stoxx 600 futures fell 0.3%.