European Stocks Set for Positive Open
European equity markets were set to open slightly higher on Wednesday after global bond yields declined sharply as traders continued to assess the implications of the US government’s expanded debt buybacks. Falling oil prices also supported sentiment amid hopes of renewed diplomatic efforts in the Middle East, while easing concerns over higher inflation in the near term. Meanwhile, investors braced for a key US inflation reading and Nvidia’s earnings report, which could provide fresh catalysts for global markets. In Europe, no major economic data or corporate earnings releases are scheduled for Wednesday. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.1%.
European equity markets were set to open slightly higher on Wednesday after global bond yields declined sharply as traders continued to assess the implications of the US government’s expanded debt buybacks.
Falling oil prices also supported sentiment amid hopes of renewed diplomatic efforts in the Middle East, while easing concerns over higher inflation in the near term.
Meanwhile, investors braced for a key US inflation reading and Nvidia’s earnings report, which could provide fresh catalysts for global markets.
In Europe, no major economic data or corporate earnings releases are scheduled for Wednesday.
In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.1%.