LONDON — European stocks are expected to open higher Wednesday, reversing a negative trend seen in the previous trading session.
The U.K.’s FTSE index is seen opening 32 points higher at 8,151, Germany’s DAX up 58 points at 18,210, France’s CAC 40 up 34 points at 7,567 and Italy’s FTSE MIB up 188 points at 33,832, according to data from IG.
Regional markets closed lower Tuesday, after digesting the latest consumer price data from the euro zone which showed headline inflation in the euro area dipped to 2.5% in June, in line with the expectations of economists polled by Reuters.
However, the closely watched figures for core and services inflation remained stubbornly high, holding at 2.9% and 4.1%, respectively.
Asia-Pacific markets mostly rose overnight, after U.S. Federal Reserve Chair Jerome Powell noted there was progress on reining in inflation, while investors also assessed a slew of data from the region. U.S. stock futures traded near the flatline Tuesday night.
There are no major earnings or data releases in Europe Wednesday.
Read More: European markets head for higher open as negative sentiment retreats – NBC