European stocks are expected to open higher as the U.S. Federal Reserve begins a two-day policy meeting, with a rate cut anticipated. Currently, there is a 3.6 percent chance of a half-point rate cut. Traders will closely watch the Fed’s statement, dot plot guidance, and Chair Powell’s comments for future rate cut indications. U.S. Senate confirmed Stephen Miran as a Federal Reserve Governor, and Lisa Cook can remain on the board amid a lawsuit. In Asia, markets were mostly higher on news of a deal with China regarding TikTok’s ownership. U.S. stocks rose, with the Nasdaq and S&P 500 reaching record highs. Oil prices increased after Ukraine and Israel incidents.

Ahead of U.S. sales reports, industrial production, and import/export prices, European markets will monitor U.K. unemployment data, Germany’s ZEW economic sentiment survey, and Eurozone industrial production figures. Trump’s positive trade comments boosted U.S. markets, and China’s antitrust regulator investigated Nvidia. Nasdaq and S&P 500 hit record highs, while European stocks ended near a three-week high. The STOXX 600 rose 0.4 percent, with DAX, CAC 40, and FTSE showing varied results.

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