European stocks set for positive open as global markets push higher

Market Overview - European stocks are expected to open positively, with the U.K.'s FTSE index projected to rise by 0.11%, Germany's DAX by 0.16%, France's CAC 40 by 0.14%, and Italy's FTSE MIB by 0.18% [1] - This positive outlook follows a recovery in major U.S. indexes and broad gains in Asia-Pacific markets after earlier losses [1] U.S. Market Dynamics - Wall Street experienced gains driven by tech stocks like Nvidia and a rebound in bitcoin, which had its worst day since March just prior [2] - Investors are considering the potential for a year-end rally, as December typically shows favorable trading conditions for U.S. stocks, especially following a downbeat November [2] Corporate Earnings and Economic Indicators - Traders are optimistic about upcoming corporate earnings results and are focused on the Federal Reserve's interest rate decision scheduled for December 10 [3] - Current market expectations indicate an approximately 89% chance of an interest rate cut during the next meeting, a significant increase from mid-November odds [3] - European earnings reports are anticipated from Inditex, and European purchasing managers' index (PMI) data is also forthcoming [3]