European markets set for higher open as Greece deal eyed

European stock markets are expected to open slightly higher on Wednesday as hopes grow of an interim fix that will stop Greece defaulting on its debt repayments. The Germany's Dax and France's Cac  are expected to open  higher.

Greece's government seemed confident of getting a debt deal with lenders through parliament, despite protests by left-wing groups in Athens and anger from some of its own members.

A meeting of the Eurogroup of euro zone finance ministers to discuss the revised crisis plan is due to start Wednesday evening.

Central banks were also driving markets. Increased attention to is the difference in monetary policies of the FED and the European Central Bank.

Martin Weale, a hawkish member of the Bank of England's rate-setting committee, said in an interview that the central bank should be ready to raise borrowing costs as early as August.

Germany expects the IFO business climate survey, a key forward-looking measure of economic activity.

Numerous important ongoing news:

11:00 - German Business Expectations (Jun);   German Ifo Business Climate Index (Jun);

11:30 – Великобритания - BBA Mortgage Approvals

15:30 – САЩ -   GDP (QoQ) (Q1)