European stocks are expected to open modestly higher Wednesday even as global investors continue to retreat into risk-free assets amid rising geopolitical tensions.
Britain's FTSE 100 is expected to add around 0.1% at the start of trading, according to financial bookmakers IG.
Gold's rise mimicked safe-haven flows in overnight Asia trading.
The yen's gains kept a lid on any equity enthusiasm and pushed the Nikkei 225 1.4% lower into the final hour of trading. The region-wide MSCI Asia ex-Japan index, however, was little changed and clung to a 0.05% gain.
Currency markets were active outside of the yen flows, as well, with the dollar index, a measure of the greenback's strength against a basket of global currencies, falling around 0.05% to 100.58.
In Europe, traders will keep a keen eye on the pound ahead of unemployment data for the month of March from the Office for National Statistics later in the session.
A weaker dollar helped oil markets add to recent gains, with WTI futures for April delivery rising 0.1% from Tuesday's close to $53.46.
Source: Bloomberg
Junior Trader Stefan Panteleev
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