European stocks poised for a rebound, China pares losses

FXStreet (Mumbai) – Markets predict a positive start for the stocks on the European bourses on Wednesday with risk-on moods returning to markets after the Asian markets attempted a weak recovery today.

Japan’s benchmark index, the Nikkei rebounded initially although fell back into the red at close. While the Chinese index, the Shanghai Composite (SSEC) swung between gains and losses on Wednesday, down about 0.58% near 3150 towards the session close.

Ahead of Europe open, futures for Germany’s DAX 30 index added 0.41% to 10,036.30, while futures for the UK’s FTSE 100 index advanced 0.38% to 6,068.50. Among the other indices, French CAC 40 futures gained 0.31% to 4,555.30, while futures for the pan-European Euro Stoxx 50 index increased 0.52% to 3,198.50.

Looking ahead, a data-light session for the European traders with only EZ PPI report to be published which may have negligible impact on the markets. While for the traders on the UK stocks, UK construction PMI will be closely eyed.

Markets predict a positive start for the stocks on the European bourses on Wednesday with risk-on moods returning to markets after the Asian markets attempted a weak recovery today.

(Market News Provided by FXstreet)