European equity markets were set to open higher on Wednesday, buoyed by improved global sentiment following the announcement of a US-Japan trade deal. US President Donald Trump revealed that Japan had agreed to a 15% tariff on its exports to the US, alongside a commitment to invest $550 billion into the US and open its markets to key American goods. In Europe, investors will turn their attention to the latest consumer confidence data for the region, as well as a fresh round of corporate earnings. Key reports are expected from Iberdrola, Moncler, Thales, Randstad, and UniCredit, among others. In premarket trade, Euro Stoxx 50 futures rose 1.2% while Stoxx 600 futures were up 0.9%, signaling a strong start to the session.