LONDON – European stocks are expected to open higher on Wednesday as investors brace for the latest monetary policy announcement from the US Federal Reserve.
UK FTSE The index is seen opening 69 points higher at 7,446, Germany’s DAX 81 points higher at 15,217, of France CAC 40 up 53 points at 6,898 and that of Italy FTSE MIB 266 points higher at 26,172, according to data from IG.
The expected positive start for Europe comes after markets in the region closed higher on Tuesday, offsetting some of the losses from Monday’s sharp sell-off as investors sift through. a series of new corporate income.
On Wednesday, however, global investors are focused on the latest policy update from the Fed as their two-day meeting wraps up.
Geopolitical tensions at the Russia-Ukraine border continue to dominate market concerns. President Joe Biden Talk to European leaders on Monday Amid concerns about Russia’s potential invasion of Ukraine, he said on Tuesday he would consider imposing personal sanctions on Russian President Vladimir Putin if Russia attacks its neighbour.
Income in Europe comes from Lonza on Wednesday, and the published data includes Russian producer prices for December.
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