European stocks dip ahead of U.S. data and Fed decision as inflation concerns linger.

European stocks are set to open lower amid cautious sentiment ahead of U.S. economic data and the Federal Reserve’s December rate decision, with Fed officials signaling slower inflation progress and reducing rate cut expectations. U.S. stock futures rose slightly after Berkshire Hathaway’s $4.3 billion stake in Alphabet, while the Treasury signaled a potential rare earths deal with China by Thanksgiving. Asian markets were mixed, hurt by China-Japan tensions, and oil prices dipped as Russia resumed exports at Novorossiysk. The U.S. eased tariffs on over 200 food items, and gold rebounded after a prior loss. Indian markets are expected to open higher following a strong BJP-led victory in Bihar, boosting confidence in government stability.