FX.co ★ European Stocks Set for Positive Open

European equity markets were poised for a slightly higher open on Wednesday, supported by a sharp decline in global bond yields as traders continued to evaluate the impact of the US government’s expanded debt buyback program. Sentiment was further lifted by falling oil prices, amid hopes for renewed diplomatic efforts in the Middle East and easing near-term inflation concerns. At the same time, investors were awaiting a key US inflation report and Nvidia’s earnings, both seen as potential fresh catalysts for global markets. In Europe, no major economic data releases or significant corporate earnings are scheduled for Wednesday. In premarket trading, futures on the Euro Stoxx 50 and Stoxx 600 each rose about 0.1%.