European stocks set to lose ground after Fed's Powell says equities are 'highly valued'

European shares look poised to unfastened little connected Wednesday, arsenic investors respond to a proposition from Federal Reserve Chair Jerome Powell that equities are "fairly highly valued."

London's FTSE 100 is expected to unfastened 0.2% lower, according to IG, portion the German DAX and France's CAC 40 are slated to shed 0.3% and 0.4%, respectively.

Overnight successful Asia, shares broadly moved lower, portion U.S. banal futures were flat successful the aboriginal hours of Wednesday morning.

Global markets were rattled aft Federal Reserve Chair Jerome Powell on Tuesday said that plus prices, including equities, were trading astatine inflated levels.

"By galore measures, for example, equity prices are reasonably highly valued," helium said, erstwhile asked astir the cardinal bank's tolerance levels for marketplace prices.

Meanwhile, U.S. President Donald Trump said Ukraine could recoup each of its territory from Russia successful a large displacement successful stance connected Tuesday.

"I deliberation Ukraine, with the enactment of the European Union, is successful a presumption to combat and WIN each of Ukraine backmost successful its archetypal form," the president said successful a post connected his Truth Social platform.

"With time, patience, and the fiscal enactment of Europe and, successful particular, NATO, the archetypal Borders from wherever this War started, is precise overmuch an option," helium added.

Trump met with Ukrainian President Volodymyr Zelenskyy astatine the United Nations General Assembly successful New York connected Tuesday, erstwhile helium besides expressed enactment for NATO members shooting down immoderate Russian craft that breach their airspace.

Back successful Europe, investors volition beryllium monitoring Germany's Ifo Business Climate update owed to beryllium published aboriginal connected Wednesday morning, portion the September Swiss Economic Sentiment Index is besides acceptable for merchandise during the session.

— CNBC's Jeff Cox contributed to this article.