10.09.202505:42:15UTC+00European Markets Head for Higher Open

European stocks are poised to open higher on Wednesday, marking a continuation of gains for the third consecutive session. This trend is driven by increasing expectations of more significant interest rate cuts by the US Federal Reserve, which has bolstered risk appetite among investors. On the geopolitical front, US President Donald Trump has called upon the European Union to impose tariffs of up to 100% on China and India due to their purchases of Russian oil, as part of a broader strategy to restrict financial inflows to Moscow. In corporate developments, the Danish pharmaceutical company Novo Nordisk announced its plan to cut approximately 9,000 jobs. This move aims to streamline the company’s structure, accelerate decision-making processes, and redirect resources towards expanding areas of diabetes and obesity treatment. In pre-market trading, futures for the Euro Stoxx 50 increased by 0.2%, while futures for the Stoxx 600 rose by 0.3%.