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24.11.202506:43:03UTC+00European Markets Head for Higher Open

European equity markets were poised for a robust opening on Monday following remarks by New York Federal Reserve President John Williams, who indicated that a short-term rate cut remains conceivable, thus rekindling expectations for a potential move in December. Investor sentiment also received a boost from reports that U.S. officials are contemplating allowing Nvidia to sell its H200 AI chips to China. In Europe, attention shifted to the forthcoming UK budget, where Finance Minister Rachel Reeves emphasized fiscal prudence and reaffirmed commitments made before the elections not to increase taxes on working individuals. Additionally, all eyes will be on Germany’s Ifo business sentiment survey, set to be released later today. Ahead of market opening, futures for the Euro Stoxx 50 climbed 0.8%, while those for the Stoxx 600 gained 0.7%.

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