European stocks were set to open higher on Wednesday as dovish comments from Fed Chair Powell strengthened expectations for more US rate cuts, offsetting concerns over rising US-China trade tensions. In Europe, French Prime Minister Sebastien Lecornu pledged to suspend a landmark pension reform until after the 2027 election, easing some political uncertainty. Investors will also monitor Eurozone industrial production data for August alongside final September inflation figures from France and Spain. On the corporate side, ASML posted mixed third-quarter results while seeking to reassure markets about its 2026 growth outlook amid weaker Chinese demand. In premarket trade, Euro Stoxx 50 futures rose 1.4%, and Stoxx 600 futures gained 1%.