European equities are expected to open broadly flat Wednesday as investors look ahead to a meeting of the European Central Bank (ECB) on Thursday.Is whether the bank needs to increase its 1 trillion euro ($1.1 trillion) bond-buying program. Traders accounted that the central bank will probably wait until December. However, they believe that the ECB may hint of additional measures in Malta yet .
Investors in Europe will also be watching the fallout from Credit Suisse earnings. Switzerland's second biggest bank said it is to raise a total of 6.05 billion Swiss francs ($6.2 billion) in fresh capital, as its new chief executive tries to address investors' concerns. The Zurich-based bank also reported slightly disappointing net income for the three months to Septembe, and core pre-tax profit of 861 million Swiss francs. The bank warned that both wealth management and the investment bank had been impacted by low client activity and adverse market conditions.
In the U.K., Chinese President Xi Jinping's state visit to the country continues. The head of the world's second largest economy hailed the "brighter future" of close ties with Britain on Tuesday. The visit is expected to seal more than $46 billion worth of deals, Reuters reported
Other earnings on Thursday come from Iberdola, ARM, Reckitt Benckiser, Sky, Home Retail Group.
G.Hristov / Head of Fundamental Analyzes
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