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2025.10.0905:51:29UTC+00European Stocks Set to Open Lower

European equity markets were set for a subdued opening on Thursday as investors anticipated French President Emmanuel Macron’s appointment of a new prime minister, following the unexpected resignation of Sebastien Lecornu and his cabinet. Market participants were also processing recent trade developments, as the European Union announced plans to reduce tariff-free quotas on imported steel and increase tariffs on excess imports from 25% to 50%. This announcement led to notable gains for steel manufacturers such as ArcelorMittal and ThyssenKrupp on Wednesday. In premarket activity, Euro Stoxx 50 futures declined by 0.1%, while Stoxx 600 futures experienced a drop of 0.3%.

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