Traders work on the floor of the New York Stock Exchange during afternoon trading on June 03, 2024 in New York City.
LONDON — European stocks are expected to open higher Wednesday ahead of the latest U.S. Federal Reserve decision and inflation reading.
The U.K.'s FTSE index is seen 29 points higher at 8,169, Germany's DAX 36 points higher at 18,408, France's CAC 40 up 13 points at 7,803 and Italy's FTSE MIB up 66 points at 33,946, according to IG.
Investors have grown increasingly concerned that the recent strong jobs report and sticky inflation support a higher-for-longer interest rate environment.
U.S. stock futures hovered near the flatline Tuesday night, while Asia-Pacific markets were mixed as investors assessed inflation data from around Asia.
Persons:
Germany's DAX
Organizations:
New York Stock Exchange, LONDON, Federal, CAC, IG, U.S
Locations:
New York City, Asia, Pacific