European stocks open higher; Lufthansa plans to cut 4,000 jobs

Corporate Developments - Lufthansa projected its free cash flow to exceed 2.5 billion euros ($2.93 billion) annually and set earnings targets of 8%-10% for the next two years during its first capital markets day in six years [2] - The airline plans to cut 4,000 jobs, primarily in administrative roles in Germany, by 2030 through digitalization and automation, while investing 600 million euros ($704 million) in a cargo hub at Frankfurt airport [2] - Danish biotech company Genmab's stock fell by 2.7% following its announcement to acquire Utrecht-based cancer drugmaker Merus in an $8 billion deal [3] - AstraZeneca's shares increased by 1.2% after announcing plans to list shares in New York while maintaining its presence on the London market [3] Economic Indicators - Spain's inflation rate rose to 3% in September, up from 2.7% in August [3]