European stocks are expected to open positive territory Wednesday, with global markets focused on upcoming U.S. inflation data.
The U.K.’s FTSE 100 index is expected to open 36 points higher at 8,056, Germany’s DAX up 38 points at 19,081, France’s CAC up 11 points at 7,356 and Italy’s FTSE MIB up 68 points at 33,335, according to data from IG.
Earnings are set to come from ABN Amro, RWE, SSE, Alstom, Siemens Energy, Allianz and Telecom Italia.
Investors’ main focus on Wednesday will be October’s inflation data out of the U.S., a key factor when it comes to the Federal Reserve’s decision to cut or maintain interest rates.
Economists surveyed by Dow Jones are expecting the consumer price index to increase 0.2% for the month, which would put the 12-month rate at 2.6%.
Asia-Pacific stock markets were trading lower overnight, tracking losses on Wall Street Tuesday, with both the tech-heavy Nasdaq and the S&P 500 snapping five-day winning streaks. U.S. stock futures ticked lower Tuesday night.