European Stocks Head for Higher Open
European equity markets were poised to open higher on Wednesday, extending this week’s rally amid renewed interest in the artificial intelligence trade following an upbeat outlook by AI computing provider CoreWeave and ahead of Anthropic PBC’s IPO. However, upside momentum were limited by stronger-than-expected US inflation data and hawkish comments from Federal Reserve officials, which strengthened expectations of further interest rate hikes. In Europe, market participants will focus on Germany’s final October inflation figures, alongside Turkish retail sales and Italian industrial production data. On the corporate front, investors will also assess earnings reports from Siemens Energy, E.ON, RWE, Swiss Life Holding and Poste Italiane, among other companies. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures both advanced approximately 0.6%.
European equity markets were poised to open higher on Wednesday, extending this week’s rally amid renewed interest in the artificial intelligence trade following an upbeat outlook by AI computing provider CoreWeave and ahead of Anthropic PBC’s IPO. However, upside momentum were limited by stronger-than-expected US inflation data and hawkish comments from Federal Reserve officials, which strengthened expectations of further interest rate hikes. In Europe, market participants will focus on Germany’s final October inflation figures, alongside Turkish retail sales and Italian industrial production data.
On the corporate front, investors will also assess earnings reports from Siemens Energy, E.ON, RWE, Swiss Life Holding and Poste Italiane, among other companies. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures both advanced approximately 0.6%.