European stocks are expected to see a subdued open on Wednesday as global investors assess the timing of the next interest rate hike by the U.S. Federal Reserve as well as the outlook for oil prices.
The London FTSE index is expected to open 12 points lower at 6,839, the German DAX down 13 points at 10,680 and the French CAC down 16 points at 4,452, according to IG.
Data about retail sales from USA at Friday creates caution and uncertainty, as much better than expected data will strengthen the speculations for a rate hike by FED which is negative for the stocks prices.
Latest news for probable production freeze stabilizes oil prices above 40$ a barrel.
Today concentration will be focused over the data from USA about oil inventories, as worse than expected data will lead to decrease in prices, which will be negative for the fund market.
Earnings reports today are expected from Novozymes, E.On, Adecco, Prudential, G4S and Gazprom.
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