stocks, data, crypto, monitored earnings
LONDON – European equities are expected to have a cautious start to the trading day on Wednesday, continuing a lackluster trading start in June.
London’s FTSE would open 3 points lower at 7,079, the German DAX 20 points higher at 15,588, the French CAC 40 by 3 points at 6,491 and the Italian FTSE MIB by 4 points higher at 25,332, according to IG.
The cautious start in European markets follows a similar sentiment elsewhere after moderate action in the United States on the first day of June, although there were some gainers during the session, especially in stocks linked to the reopening. . Airlines and cruise lines have seen stocks jump as cases of Covid in the United States continue to decline.
U.S. stock index futures were little changed overnight Tuesday, as futures contracts linked to the Dow Jones Industrial Average gained just 23 points. The S&P 500 and Nasdaq 100 futures both hovered above the flat line.
Inflation fears and the ways the Federal Reserve might react have weighed on sentiment recently, although major averages are still hovering around historic highs.
Meanwhile, Asia-Pacific stocks were mixed in Wednesday morning trading, with official data showing higher than expected growth in the Australian economy for the first quarter.
There were no major results or data releases in Europe on Wednesday, although investors interested in Russia will follow comments from officials and business leaders attending the St. Petersburg International Economic Forum.
Russia’s central bank governor Elvira Nabiullina told CNBC before the forum began that as the economy evolves online, digital currencies will be the future of financial systems.
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– CNBC’s Pippa Stevens and Eustance Huang contributed reporting for this story.