European markets head for negative open as sentiment shifts; UK inflation data ahead

1 week ago 13

Borough Market successful London, United Kingdom, connected Aug. 27, 2024.

Mike Kemp | In Pictures | Getty Images

LONDON — European stocks are expected to unfastened little connected Wednesday arsenic planetary marketplace sentiment wavered.

The U.K.'s FTSE scale is seen opening 0.18% lower, Germany's DAX 0.6% lower, France's CAC 40 down 0.56% and Italy's FTSE MIB 0.56% lower.

Regional bourses traded higher connected Tuesday arsenic planetary markets reacted broadly positively to the result of talks betwixt U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders astatine the White House connected Monday. Defense stocks were among the worst performers successful the index, however.

On the information front, the U.K. ostentation people for July volition beryllium published astatine 7 a.m. London time. Economists polled by Reuters had anticipated ostentation would scope 3.7% successful the 12 months to July, aft it picked up to a hotter than expected 3.6% successful June.

Earnings travel from Alcon and Geberit and Sweden's Riksbank publishes its latest monetary argumentation decision.

Globally, Asia-Pacific markets fell overnight, tracking Wall Street declines successful Tuesday's trading session. S&P 500 futures were adjacent level overnight up of the merchandise of the Federal Reserve's July gathering minutes.

At the time, policymakers erstwhile much held dependable connected involvement rates, but Fed Governors Christopher Waller and Michelle Bowman dissented, marking the archetypal clip 2 voting Fed officials person done truthful since 1993.

Traders are besides focusing connected cardinal speeches from Fed officials erstwhile they convene successful Jackson Hole, Wyoming, for the Fed's yearly economical symposium on Thursday. Investors are awaiting clues from Fed Chair Jerome Powell as to what volition hap astatine the cardinal bank's remaining argumentation meetings this year.

The Fed funds futures marketplace is indicating an 84.9% accidental for a quarter-point complaint chopped astatine the Fed's adjacent argumentation gathering successful September, according to CME's FedWatch tool.

— CNBC's Alex Harring contributed to this report.

Read Entire Article