European stocks futures point to a lower open
Euro Stoxx 50 and Stoxx 600 futures are both down around 0.2% ahead of Wednesday trading as investors stay focused on elevated bond yields and rising oil prices.
European equity markets were poised to open lower on Wednesday, tracking declines across global markets as investors remained concerned about elevated bond yields and rising oil prices.
Renewed selling in chipmakers linked to the AI trade also weighed on sentiment, adding to pressure on regional stocks.
In Europe, investors will focus on the latest UK and Eurozone inflation data, along with remarks from ECB President Christine Lagarde.
On Tuesday, ECB chief economist Philip Lane said the region’s 3% inflation rate remains “too high” when considering potential adjustments to policy rates.
Meanwhile, no major earnings reports are scheduled in Europe on Wednesday.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both down around 0.2%.