European stocks set for cautious open as investors await Fed speech, US data

European equity markets were poised to open flat to slightly lower on Monday as investors prepared for a week featuring Fed Chair Kevin Warsh's first Jackson Hole speech and key US economic data. The events could offer clues about the outlook for inflation and interest rates. Treasury yields and oil prices both eased, with Brent crude moving toward $93 a barrel, as markets awaited Treasury Secretary Scott Bessent's fiscal consolidation plans and details of planned economic measures against Iran, which he called the "single greatest financial offensive ever." Nvidia's earnings and guidance will be watched for indications of whether the AI spending boom remains sustainable and whether this year's rally has further room to run. Euro Stoxx 50 futures fell 0.1% in premarket trading, while Stoxx 600 futures were flat.

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