EMEA Morning Outlook: Optimism with rate hike lifts sentiment; Focus on US jobs report.

What to expect:

• The EU unemployment rate;
• German foreign trade;
• French Industrial Index;
• Preliminary estimate of job creation in France;
• Unemployment rate in Italy;
• PMI in Services and UK Official Reserves;
• Trade updates from Solvay, BMW, Vonovia, Societe Generale, Intesa Sanpaolo, Swiss Re, A.P. Moller-Maersk and Wickes Group.

Opening of the trading session:

European stock futures are rising amid hopes that major central banks may finalize interest rate hikes for now. In Asia, stock indexes track gains on Wall Street;' 'The dollar is flat; Treasury bond yields are mostly down; oil futures are rising; and the price of gold is little changed.

Actions:

European stocks are likely to continue to rise along with Wall Street and Asian stocks due to the decision by the Federal Reserve and the Bank of England not to raise interest rates this week.

"The main theme of the past few days has been the rise in risk assets as equities rise across the board," Commerzbank said in a statement. Some market participants are interpreting the Federal Reserve's tone as a bit more contentious than expected and the possible end of the interest rate hike cycle, Commerzbank adds.

The market's focus on the report on' 's U.S. employment level for October. The reading, which indicates the labor market remains hot, could complicate the Federal Reserve's plans for interest rates and raise yields again. Federal Reserve Chairman Jerome Powell was cautious about ruling out raising interest rates at a news conference Wednesday.

Currencies:

The U.S. dollar is steady ahead of the October U.S.