This is a live blog from CNBC covering European markets.
European stocks are heading for upbeat trading on Wednesday as global markets await the release of March US inflation data.
Economists surveyed by Dow Jones expect inflation to rise 0.3% in March from the previous month and 3.4% from 12 months ago.
The CPI report is scheduled to be released at 8:30 a.m. ET and will attract worldwide attention as it will influence the US Federal Reserve’s interest rate policy.
Minutes of the Fed’s March meeting are also expected to be released. U.S. stock futures hovered near the flatline overnight as investors focused on key inflation indicators.
Asia-Pacific markets were mainly lower in March as Japan’s corporate inflation rose and investors assessed the interest rate decisions of New Zealand and Thailand’s central banks.
CNBC Pro: Here are 3 dividend stocks with the potential to generate passive income, says fund manager
In a market where reliable sources of passive income are hard to find, two fund managers shared their insights on dividend stocks that offer attractive yields and growth potential.
Matt Burdett, Portfolio Manager at Thornburg Investments, looks for companies with the ability and desire to pay dividends, with a focus on cash generation and resilient business models.
Meanwhile, Keely Teton portfolio manager Brian Leonard told CNBC Pro that he looks for high-quality companies that pay dividends and trade at a discount to their “intrinsic value.” He also mentioned the spin-off situation as an investment opportunity.
CNBC Pro subscribers can read more about stock picks here. {=null}
— Ganesh Rao
CNBC Pro: These global stocks are the most overbought and could fall back
After a bullish outlook for 2023, the market may have been up for much of this year, but stocks fell back last week.
However, overall, markets including global stocks remain in significantly positive territory.
The relative strength index (RSI), which measures the magnitude and speed of price movements, can be used by investors to determine whether a stock is overbought.
A stock with a 14-day RSI above 70 may be overbought and could be due for a pullback.
CNBC Pro screened the S&P 500 and Vanguard FTSE All World Ex-US ETF as the most overbought stocks using a 14-day RSI above 70.
CNBC Pro subscribers can read more here.
— Tan Weizhen
European Market: Click here for opening call
European markets are set to open at Tuesday’s lows.
According to IG data, the UK’s FTSE 100 index is expected to open 6 points lower at 7,936, Germany’s DAX 49 points lower at 18,263, France’s CAC 17 points lower at 8,103 and Italy’s FTSE MIB. It is expected to open 77 points lower at 33,609.
The data release includes Ukraine’s inflation statistics for March.
— Holly Ellyatt
