European equities are expected to open higher Wednesday ahead of a widely-expected interest rate rise by the U.S. Federal Reserve.
The dynamics of the currencies is predetermined by adjusting positions before today's solutions and Fed. Theconsumer inflation in November remained probability of first increase in US interest rates. Consumer prices in the US in November on an annual basis rose by the strongest level since the end of 2014.The probability of the Fed action is estimated around 81%. Markets, according to CNBC are ready to declare interestchange today. Briefing Fed Chair Janet Yellen is on 21h.
European markets looked set to follow the positive lead set in Asia where markets traded higher on Wednesday. Nikkei 225: 2.61%; Shanghai Composite: 0.21%; KOSPI Index: 1.88%; Hang Seng Index: 1.98%; S&P/ASX 200: 2.42%..
There are no major earningsWednesday. Shares of Prada will be closely watched on Wednesday after the luxury goods maker reported a 38 percent drop in quarterly profit, weighed down by slumping sales in Greater China as economic growth slowed, Reuters reported.Rolls-Royce will cut its aerospace and land and sea divisions.
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