European stocks to open higher as global markets anticipate Fed rate cut

LONDON — European stocks are expected to unfastened mostly higher arsenic markets await the latest monetary argumentation determination by the U.S. Federal Reserve, which is expected to little involvement rates connected Wednesday.

The U.K.'s FTSE scale is expected to unfastened 0.11% higher, Germany's DAX up 0.25%, France's CAC 40 up 0.22% and Italy's FTSE MIB flat, according to information from IG.

Global markets are focused connected the Fed contiguous with the cardinal slope wide expected to chopped involvement rates by 25 ground points, according to the CME's FedWatch tool.

Policymakers volition besides stock much penetration into their outlook for rates implicit the adjacent twelvemonth oregon truthful successful the closely-watched "dot plot" grid that accompanies their quarterly Summary of Economic Projections.

Regional investors are besides reacting to the latest U.K. ostentation figures, which showed that yearly terms maturation held dependable astatine 3.8% successful August.

European markets moved little connected Tuesday arsenic investors assessed developments successful the U.S.-China commercialized talks that took spot successful Madrid earlier this week.

U.S. Treasury Secretary Scott Bessent told CNBC connected Tuesday that helium expected further commercialized discussions betwixt Washington and Beijing to instrumentality spot earlier punitive tariffs are acceptable to instrumentality clasp successful November.

"We'll beryllium seeing each different again," Bessent said. "Each 1 of those talks has go much and much productive. I deliberation the Chinese present consciousness that a commercialized woody is possible."

Tariffs rolled retired by U.S. President Donald Trump successful April would person seen 145% duties slapped connected Chinese imports into the U.S., but these were delayed to let for commercialized negotiations, with a deadline presently acceptable for Nov. 10.

In different news, Trump's authorities sojourn to the U.K. is successful afloat plaything connected Wednesday, with the president and his wife, Melania, spending the time astatine Windsor Castle with King Charles and Queen Camilla earlier holding talks with U.K. Prime Minister Keir Starmer connected Thursday.