European equity markets were set for a positive open on Thursday, recouping some losses from the previous session as investor sentiment stabilized.
Traders reacted to a widely expected rate hold by the US Federal Reserve and mixed earnings from megacap tech names.
On Wednesday, regional benchmarks came under pressure as disappointing earnings update from the luxury sector weighed on the market.
The European Central Bank also expressed concerns over the euro’s sharp appreciation, cautioning that it could influence inflation and monetary policy.
Market participants will be watching Eurozone economic sentiment, Spanish retail sales, and Italian industrial production data.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.2%.