European equities are expected to rise at the open on Wednesday amid a slight recovery in oil prices.European markets look set to open tentatively higher Wednesday, following the lead of Asian equities which traded cautiously overnight. Miners and resources producers also traded mixed but pared the losses seen on Tuesday.
The decline in equity markets and renewed collapse in oil prices slowed the pressure that had been subjected in recent days the euro and the Japanese yen. Impact has a volume of closing the "short" positions in the euro and yen. The decline in the price of WTI below $ 37 a barrel led to a collapse in the Canadian dollar.
In political news, the fallout from inflammatory comments by Republican presidential nominee Donald Trump continues. Trump said all Muslims should be banned from entering the U.S. as a temporary response to terrorism.
There are no major earnings.
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