Liverpool Street Station beneath the new skyline of skyscrapers in London’s financial district in London, England on February 14, 2022.
Mike Kemp | Photo | Getty Images
LONDON — European stock markets are expected to open higher on Wednesday as concerns about France’s political outlook ease.
According to IG data, Britain’s FTSE index is expected to open at 8,162, up 28 points, Germany’s DAX is set to rise 43 points to 18,268, France’s CAC 40 is up 20 points to 7,508 and Italy’s FTSE MIB is up 47 points to 34,052.
European stock markets closed lower on Tuesday as European investors weighed the political uncertainty in the region after the left-wing New Popular Front (NFP) won the most seats in French elections on Sunday but failed to secure an absolute majority. The NFP is calling on President Emmanuel Macron to allow it to form a government and choose its candidate for prime minister.
France’s CAC 40 index closed down 1.81% on Tuesday as traders assessed the impact of a suspended parliament and a period of political uncertainty in France.
Asia-Pacific markets were mixed overnight, even as Wall Street’s main stock indexes rose after dovish comments from Federal Reserve Chairman Jerome Powell on Tuesday, in which he warned that keeping interest rates high for too long “could unduly weaken economic activity and employment.”
U.S. stock futures were little changed in overnight trading on Tuesday after the S&P 500 closed at a new record high.
Revenue comes from Wetherspoons and National Grid. There are no major data releases.
