European stocks set to open lower as global markets see declines
European markets are heading for a lower open Wednesday as global market sentiment takes a turn lower.
The U.K.’s FTSE 100 index is expected to open 6 points lower at 8,249,
Germany’s DAX down 35 points at 19,482, France’s CAC down 59 points at 7,469 and Italy’s FTSE MIB down 137 points at 34,246.
The lower open seen for Europe’s major bourses follows declines on Wall Street Tuesday and comes as most Asia-Pacific markets traded lower overnight, with Japan’s Nikkei leading losses.
U.S. stock futures were calm Tuesday evening as Wall Street looked to see whether equities can be rebound to record highs this week; the S&P 500 and Dow hit all-time highs Monday. The earnings season continues, with Morgan Stanley due to report later today. (Cay)
Source: CNBC
