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European equity markets were poised to open largely unchanged on Tuesday, following a robust two-day rally, as investors adopted a more cautious stance ahead of key US economic releases that could reshape expectations for Federal Reserve policy. On Monday, regional shares gained ground, supported by upbeat corporate updates and data indicating a sharp improvement in Eurozone investor confidence in February.
On the macroeconomic front, investors are set to assess French unemployment figures and Turkish industrial production data later in the day. In corporate news, Standard Chartered announced that its Chief Financial Officer, Diego De Giorgi, will step down with immediate effect, while Kering’s flagship luxury label Gucci reported a decline in fourth-quarter sales. In premarket trading, futures on the Euro Stoxx 50 and the Stoxx 600 were broadly flat.
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