European Markets Set for Lower Open
European equity markets were set for a lower open on Wednesday as investors reacted to the latest UK inflation data, while awaiting the highly-anticipated Federal Reserve interest rate decision.
UK's annual inflation rate came in at 2.2% in August, rising at the same pace as July and matching market forecasts. The latest figure has no significant impact on expectations that the bank of England will hold policy steady on Thursday.
Meanwhile, the US central bank is widely expected to deliver its first rate cut in four years later today, but markets remain split about the size of the reduction. Euro Stoxx 50 and STOXX 600 futures were down about 0.1% in premarket trade.
Source : Trading Economics