LONDON – European stocks are expected to open higher on Wednesday, continuing the positive sentiment witnessed in global markets since the beginning of the week.
UK FTSE indicator The index is expected to open 7 points higher at 8,557 in Germany Dax It rose 98 points to 21,140 points for France CAC 40 Italy rose 13 points to 7786 FTSE MIB indicator It rose 123 points to 36,311, according to IG data.
Global stock markets rose earlier this week as investors digested the first executive orders signed by new US President Donald Trump on Monday.
The market gains are due to the fact that while Trump Issued A wide-ranging memo directing federal agencies to evaluate what he views as unfair trade policies with foreign countries, he stopped short of authorizing new tariffs on his first day in office. Investors took this as a sign that he may be less enthusiastic about implementing the tariffs than previously expected.
Asia Pacific markets It rose mostly overnight, while… S&P 500 futures rose last night After the first trading session after the opening day ended with strong gains.
The impact that Trump's second term in office could have on the global economy and geopolitics was a major point of discussion at the World Economic Forum in Davos, Switzerland.
CNBC's coverage of the annual forum continues, with António Guterres, Secretary-General of the United Nations, scheduled to speak at 11:30 a.m. Davos time. Spanish Prime Minister Pedro Sanchez will speak at 3:45 p.m
CNBC's most prominent guests include Mark Rutte, head of NATO, Polish President Andrzej Duda and Sanchez.
Dick Schoof, Prime Minister of the Netherlands, the Ministers of Economy and Trade of the United Arab Emirates, Saudi Finance Minister Mohammed Al-Jadaan, and Finnish President Alexander Stubb will speak to CNBC at the forum on Wednesday.
There are no major data releases in Europe on Wednesday, but easyJet will release its latest earnings report.
