Investor sentiment globally has been supported by hopes of a potential interest rate cut by the Federal Reserve, in light of signs of weakness in the labor market.
In Europe, investors are looking forward to the release of the UK's third-quarter GDP data and the eurozone's industrial production figures for September.
Earnings reports from major companies such as Burberry, Siemens, Merck, Deutsche Telekom, and Enel are also anticipated.
Ahead of the market opening, futures for the Euro Stoxx 50 and the Stoxx 600 were up by 0.4% and 0.2%, respectively.
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