European markets predicted to sustain positive growth.
- Global markets have displayed positive sentiment since the start of the week, and it is predicted that European stocks will open higher on Wednesday.
- According to IG's data, the U.K.'s FTSE index is predicted to open 7 points higher at 8,557, while Germany's DAX is expected to rise 98 points to 21,140. France's CAC 40 is forecasted to increase by 13 points to 7,786, and Italy's FTSE MIB is predicted to climb 123 points to 36,311.
European stocks are predicted to rise on Wednesday, following the positive trend observed in global markets since the beginning of the week.
According to IG's data, the U.K.'s index is predicted to open 7 points higher at 8,557, Germany's index is expected to rise 98 points to 21,140, France's index is anticipated to increase by 13 points to 7,786, and Italy's index is forecasted to climb 123 points to 36,311.
On Monday, as investors processed the first executive orders signed by newly-elected U.S. President Donald Trump, global stock markets rose.
Trump's broad memorandum directing federal agencies to assess unfair trade policies with foreign countries was seen as the reason for market gains. However, his failure to authorize new levies on his first day back in office was interpreted by investors as a sign that he may be less gung-ho about implementing tariffs than previously expected.
Last night, S&P 500 futures rose after the first trading session post-Inauguration Day ended with strong gains, while most Asia-Pacific markets also experienced growth overnight.
The potential effects of Trump's second term on the global economy and geopolitics were a major topic at the World Economic Forum in Davos, Switzerland.
The annual forum coverage on CNBC continues, with António Guterres, secretary-general of the United Nations, scheduled to speak at 11:30 a.m. Davos time. Spanish Prime Minister Pedro Sanchez will follow at 3:45 p.m.
Mark Rutte, NATO head, Polish President Andrzej Duda, and Sanchez are among the CNBC guest highlights.
On Wednesday, CNBC will feature Dick Schoof, the Netherlands' prime minister, the United Arab Emirates' economy and trade ministers, Saudi Arabia's Finance Minister Mohammed Al Jadaan, and Finnish President Alexander Stubb as speakers.
EasyJet will release its latest earnings report on Wednesday, while there are no major data releases in Europe that day.
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