Positive Outlook for European Markets
FxNews - European stock markets are poised to kick off Wednesday's trading session on a positive note, buoyed by an uptick in risk appetite. Market participants are still digesting the implications of the recent Federal Reserve meeting minutes. The US central bank has hinted at maintaining a tight monetary policy, with no immediate plans to reduce interest rates.
Key Events to Watch
In the UK, all eyes will be on Chancellor of the Exchequer Jeremy Hunt, who is set to present his "Autumn Statement". This important announcement will outline the government's economic strategy moving forward. Meanwhile, Russia is due to release data on producer inflation, which could influence market trends.
Market Indicators
In the premarket trade, futures for the Euro Stoxx 50 and FTSE 100 indices were seen slightly higher, both showing a modest increase of around 0.1%. This suggests a cautiously optimistic start to the trading day in Europe.