The DAX is set for a largely unchanged open on Thursday, with traders showing little appetite to chase the gains seen in Asian markets overnight.

Futures indicate the German benchmark will start the day approximately 0.1% higher, hovering around the 24,760-point level.

This cautious stance follows a session of losses on Wednesday, suggesting that European investors remain hesitant to commit to a broader rally despite positive signals from the Pacific Rim.

The divergence in sentiment highlights a split in global market focus.

While Asian equities rallied sharply on the back of strong earnings from memory chip maker Micron, which reignited enthusiasm for artificial intelligence infrastructure plays, European traders appear more focused on domestic headwinds and recent technical weakness.

The "tech freeze" that has weighed on sentiment in recent days has not fully thawed, even as US and Asian tech names found support.