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

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


Borough Market in London, United Kingdom, on Aug. 27, 2024.

Mike Kemp | In Pictures | Getty Images

LONDON — European stocks are expected to open lower on Wednesday as global market sentiment wavered.

The U.K.’s FTSE index 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 on Tuesday as global markets reacted broadly positively to the outcome of talks between U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy and European leaders at the White House on Monday. Defense stocks were among the worst performers in the index, however.

On the data front, the U.K. inflation print for July will be published at 7 a.m. London time. Economists polled by Reuters had anticipated inflation would reach 3.7% in the twelve months to July, after it picked up to a hotter than expected 3.6% in June.

Earnings come from Alcon and Geberit and Sweden’s Riksbank publishes its latest monetary policy decision.

Globally, Asia-Pacific markets fell overnight, tracking Wall Street declines in Tuesday’s trading session. S&P 500 futures were near flat overnight ahead of the release of the Federal Reserve’s July meeting minutes.

At the time, policymakers once more held steady on interest rates, but Fed Governors Christopher Waller and Michelle Bowman dissented, marking the first time two voting Fed officials have done so since 1993.

Traders are also focusing on key speeches from Fed officials when they convene in Jackson Hole, Wyoming, for the Fed’s annual economic symposium on Thursday. Investors are awaiting clues from Fed Chair Jerome Powell as to what will happen at the central bank’s remaining policy meetings this year.

The Fed funds futures market is indicating an 84.9% chance for a quarter-point rate cut at the Fed’s next policy meeting in September, according to CME’s FedWatch tool.

— CNBC’s Alex Harring contributed to this report.



Source

Asia-Pacific markets set to open lower, tracking Wall Street losses
World

Asia-Pacific markets set to open lower, tracking Wall Street losses

Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets were set to open lower Friday, tracking Wall Street declines as investors assess the state of the economy. Japan’s benchmark Nikkei 225 index was […]

Read More
Stock futures are little changed after S&P 500, Nasdaq pullback from record highs: Live updates
World

Stock futures are little changed after S&P 500, Nasdaq pullback from record highs: Live updates

Traders work during the Alliance Laundry Holdings Inc. initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Oct. 9, 2025. Michael Nagle | Bloomberg | Getty Images Stock futures are little changed after both the S&P 500 and the Nasdaq Composite closed lower following […]

Read More
An AI stock showing a classic uptrend that investors should ride for as long as possible
World

An AI stock showing a classic uptrend that investors should ride for as long as possible

As cloud plays like Arista Networks, Inc. (ANET) have continued to impress, there have been numerous calls for an end to the relentless uptrend. But using a classic trend-following toolkit, we see this chart as “innocent until proven guilty.” Today we’ll break down why this chart remains in a bullish configuration, review some of the […]

Read More