European Stocks Head for Higher Open
European equity markets were poised for a stronger open on Wednesday as falling oil prices and stabilizing bond yields improved investor sentiment. Oil prices were down so far this week after Saudi Arabia restored around half the capacity of its East-West pipeline, while the Trump administration ordered another release of emergency reserves. Global bond yields had climbed to multi-year highs as elevated energy costs raised concerns over renewed inflation, although the bond selloff showed signs of easing. In Europe, investors will assess inflation data from Germany, France and Italy, along with UK GDP and German unemployment figures. In corporate news, Glencore received approval with Yancoal Australia for a major expansion of their jointly owned coal mines in the Hunter Valley region of eastern Australia. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both up around 0.6%.
European equity markets were poised for a stronger open on Wednesday as falling oil prices and stabilizing bond yields improved investor sentiment. Oil prices were down so far this week after Saudi Arabia restored around half the capacity of its East-West pipeline, while the Trump administration ordered another release of emergency reserves. Global bond yields had climbed to multi-year highs as elevated energy costs raised concerns over renewed inflation, although the bond selloff showed signs of easing. In Europe, investors will assess inflation data from Germany, France and Italy, along with UK GDP and German unemployment figures.
In corporate news, Glencore received approval with Yancoal Australia for a major expansion of their jointly owned coal mines in the Hunter Valley region of eastern Australia. 6%.