European markets experience a decline following a surge in Chinese stimulus.
European stocks are predicted to open in the red on Wednesday, reversing gains from the previous session due to Chinese stimulus measures.
According to IG's data, the U.K.'s index is predicted to open 46 points lower at 8,237, Germany's index is expected to open 49 points lower at 18,924, France's index is predicted to open 27 points lower at 7,568, and Italy's index is expected to open 181 points lower at 33,686.
The European stock market rose on Tuesday due to the monetary stimulus measures announced by China's central bank. The mining, technology, and household goods sectors performed the best.
The positive sentiment in Europe was triggered by the rise of Asia-Pacific markets following Beijing's announcement of economic stimulus measures.
Despite most Asia-Pacific markets remaining range-bound overnight, Hong Kong's Hang Seng index surged 2.2% due to the announced stimulus, while mainland China's CSI 300 recorded its largest one-day gain in over four years.
Wall Street aimed to prolong September's growth, with U.S. stock futures remaining mostly unchanged Tuesday night. Despite the Federal Reserve's interest rate reduction last week, the major three averages are still on course for a profitable month. However, there are still worries that the U.S. economy may be slowing down.
There are no major earnings or data releases in Europe Wednesday.
Markets
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