Europe stocks set to rise today

13.01.2016 / 08:33

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European equities are expected to open higher on Wednesday despite continued wariness about low oil prices and China's economic slowdown. Oil prices rose overnight for the first time in eight days. Positive sentiment looks set to continue on Wednesday despite continued nervousness in Asian markets, where equities traded mixed.(Nikkei 225: +2.45 %; Hang Seng: +2.38 %; S&P/ASX 200: +1.16 %; Shanghai Composite: -0.01 %; Topix: +2.66 %)

CNY and the Chinese equity market are stability after powerful intervention by the PBOC (both in Hong Kong and Shanghai), designed to shorten the gap between onshore and offshore yuan. This difference had reached a record 2.9 percent. USD temporarily strengthen its position against low-interest JPY and EUR. This reflected a growth in share prices on the Tokyo Stock Exchange, after six consecutive days of decline.

There are earnings to come from Sodexo, Sainsbury's and Tullow Oil on Wednesday, and euro zone industrial production figures for November are due.

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Europe stocks set to rise today

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