European markets were expected to be broadly lower on Wednesday as traders assessed the region’s economic outlook.
British FTSE 100 German stocks are expected to open 4 points lower at 8,242 German DAX Index France fell 40 points to 20,308 CAC Down 22 points to 7,477 points, Italy FTSE MIB It fell 83 points to 34,922 points, according to IG data.
Traders will keep a close eye on European consumer confidence and economic sentiment data. In terms of profit, shell Season 4 update will be released soon.
Asia-Pacific markets were mixed on Wednesday, with U.S. stock futures slightly higher. The move comes after a sell-off on Wall Street on Tuesday amid sharp losses in big tech stocks and fresh concerns about the path of rate cuts.
European markets ended higher on Tuesday as investors in the region digested the latest inflation data, which showed that euro zone consumer prices rose to 2.4% in December from 2.2% in November.
The report was in line with expectations and was driven by high service costs and rising energy prices, according to a Reuters poll of economists.
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